Difficulty: Easy
Correct Answer: 300%
Explanation:
Introduction:
When profit is expressed as a multiple of selling price of some quantity, convert it into algebra with per-unit selling price to find cost and then the profit percentage.
Given Data / Assumptions:
Concept / Approach:
Total SP = 100s. Cost = SP − Profit. Profit% = Profit / Cost * 100.
Step-by-Step Solution:
Total SP = 100sProfit = 75sTotal Cost = 100s − 75s = 25sProfit% = 75s / 25s * 100 = 300%
Verification / Alternative check:
Numbers: if s = 1, SP = 100, profit = 75, cost = 25 ⇒ 75/25 * 100 = 300%.
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
300%
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