What per cent of selling price would be 34% of cost price if gross profit is 26% of the selling price ?

Mr. Dubey • 52.30K Points
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Q. What per cent of selling price would be 34% of cost price if gross profit is 26% of the selling price ?

(A) 17.16
(B) 74.00
(C) 25.16
(D) 88.40

Correct Answer - Option(C)

Explanation by: Mr. Dubey

Let the selling price of the article = Rs. 100
∴ Profit = Rs. 26
∴ Cost price of the article = 100 - 26 = Rs. 74
∴ Required % = (34 x 74)/100 = 25.16%

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