Question

In case of a particular transaction, the profit earned is 14(2/7)%. What fraction is the cost price of the selling price?

1427 17 Let the Cost price of the article be Rs. 7 Profit Rs. 1 SP of the article 7 87 Rs. 8 Required fraction 78 Required fraction is 78.

A 1/7

B 8/7

C 7/8

D 1/8

Detailed Solution