Question

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

• A. 74.00%
• B. 25.16%
• C. 17.16%
• D. 88.40%

Answer 1

Answer: (B)

25.16%

Answer 2

Let the selling price of the article = Rs. 100
Therefore,
Profit = Rs. 26
So, Cost price of the article = S.P. - Profit
= 100 - 26 = Rs. 74
So,
Required $\%$ $=\frac{(34\times74)}{100}$

= 25.16$\%$.
So the correct option is (B)