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      Question

      If the profit is 25% of the cost price, then it

      is:
      A 25% of the sales price Correct Answer Incorrect Answer
      B 33% of the sales price Correct Answer Incorrect Answer
      C 20% of the sales price Correct Answer Incorrect Answer
      D 40% of the sales price Correct Answer Incorrect Answer
      E 35% of the sales price Correct Answer Incorrect Answer

      Solution

      Let cost price = β‚Ή100, profit = β‚Ή25, then selling price = β‚Ή125 Profit as % of sales = 25 / 125 Γ— 100 = 20%

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