By selling an article, a man makes a profit of $25\%$ of its selling price. His profit percent is (S.S.C., 2010)
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
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A$16\frac{2}{3}$
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B20
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C25
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D$33\frac{1}{3}$
Answer
Correct Answer: $33\frac{1}{3}$
Explanation
### Concept & Converting Profit Base
When profit is given as a percentage of the Selling Price (SP), you need to find the Cost Price (CP) to calculate the actual (real) profit percentage, which is always based on CP.
$$ \text{Actual Profit \%} = \left( \frac{\text{Profit}}{\text{CP}} \right) \times 100 $$
### Step-by-Step Solution
* Given:
* Profit = $25\%$ of SP.
* Let the Selling Price (SP) be 100.
* Calculate Profit:
* Profit = $25\%$ of 100 = 25.
* Determine Cost Price (CP):
* $\text{CP} = \text{SP} - \text{Profit}$
* $\text{CP} = 100 - 25 = 75$.
* Calculate the actual profit percent (on CP):
* $\text{Profit \%} = \left(\frac{25}{75}\right) \times 100$
* $\text{Profit \%} = \left(\frac{1}{3}\right) \times 100 = 33.33\% = 33\frac{1}{3}\%$
### Exam Strategy & Shortcut
Use fractional equivalents. $25\% = \frac{1}{4}$.
If profit is $\frac{1}{4}$ of SP, it means for every ₹ 4 of SP, profit is ₹ 1.
So, CP = $4 - 1 = 3$.
Actual profit percent on CP is $\frac{1}{3} \times 100 = 33\frac{1}{3}\%$.
### Common Pitfall
Assuming the given $25\%$ profit on selling price is the same as the actual profit percentage. Always verify the base of the percentage.
### Final Answer
Therefore, the correct answer is **$33\frac{1}{3}$**.