The ratio of the cost price of an item and the profit gained while selling the item is 4 1 What is t...........

Quantitative Aptitude (MTS) Profit and loss

The ratio of the cost price of an item and the profit gained while selling the item is 4 : 1. What is the profit percentage?

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SSC MTS 7th July 2022 Shift-3

20%

25%

15%

18%

- Let's break down the problem. The cost price (CP) to profit ratio is given as 4:1.

- This means for every 4 parts of CP, there is 1 part of profit.

- Therefore, the cost price is 4x, and the profit is x.

- The selling price (SP) = Cost price + Profit = 4x + x = 5x.

- The profit percentage is calculated as (Profit/Cost Price) × 100%.

- So, the profit percentage = (x/4x) × 100% = 25%.

- Option 1: 20% - Incorrect, as calculated profit percentage is 25%.

- ?? Option 2: 25% - Correct, aligns exactly with the calculation.

- Option 3: 15% - Incorrect, as calculated profit percentage is 25%.

- Option 4: 18% - Incorrect, as calculated profit percentage is 25%.

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