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In terms of percentage profit, which is the best transaction?
C.P. (in $) Profit (in $) A. 36 17 B. 50 24 C. 40 19 D. 60 29
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- A
- B
- C
- D
Correct Option: D
According to given question ,
| ∴ Percentage Profit = | × 100 | Cost Price |
Case A :
Cost price ( CP ) = $ 36 , Profit = $ 17
| Percentage Profit = | ≈ 47% | 36 |
Case B :
Cost price ( CP ) = $ 50 , Profit = $ 24
| Percentage Profit = | = 48% | 50 |
Case C :
Cost price ( CP ) = $ 40 , Profit = $ 19
| Percentage Profit = | = 47.5% | 40 |
Case D :
Cost price ( CP ) = $ 60 , Profit = $ 29
| Percentage Profit = | = 48.3% | 60 |
Obviously, ( D ) is the best transaction.
