Profit and loss

Quantitative Aptitude (MTS)

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Indian Economy - Understanding the basics of Indian economic system

The cost price of an article is 25% less than its selling price. What is the profit or loss percentage?

This questions was previously asked in

SSC MTS 22nd October 2021 Shift-1

33.33%, loss

66.67% profit

33.33%, profit

66.67%, loss

- We know the cost price is 25% less than the selling price. This means the selling price is higher than the cost price.

- Consider the selling price (SP) as 100 units. The cost price (CP) would then be 75 units (25% less than SP).

- Profit is calculated as Selling Price minus Cost Price, which is \(100 - 75 = 25 \) units.

- To find the profit percentage, use the formula: \((\text{Profit}/\text{Cost Price}) \times 100\).

- Here, it becomes: \((25/75) \times 100 = 33.33\%\).

- Therefore, it is a profit of 33.33%.

- Option 1: 33.33% loss - Incorrect; this is a profit, not a loss.

- Option 2: 66.67% profit - Incorrect; the percentage is not this high.

- Option 3: 33.33% profit - Correct -

- Option 4: 66.67% loss - Incorrect; actually, there is a profit, not a loss.