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Evans sold apples at 125% of the cost price.What is the profit percent

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Bunuel
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Evans sold apples at 125% of the cost price.What is the profit percent [#permalink] New post   17 Jun 2019, 00:02
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Evans sold apples at 125% of the cost price.What is the profit percent made by selling 100 apples?

A. 0%

B. 20%

C. 25%

D. 33.33%

E. 50 %
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C
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Re: Evans sold apples at 125% of the cost price.What is the profit percent [#permalink] New post   17 Jun 2019, 08:41
Bunuel wrote:
Evans sold apples at 125% of the cost price.What is the profit percent made by selling 100 apples?

A. 0%

B. 20%

C. 25%

D. 33.33%

E. 50 %


let apple cost= 100$
so new price = 225$ ; 125% of 100$
profit %; 225*100-100*100/100*100
solve we ger 25%
IMO C
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Re: Evans sold apples at 125% of the cost price.What is the profit percent [#permalink] New post   02 Mar 2021, 03:27
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It is a percent change question, say that the apples cost 100 Euro
125% of 100 is 225. So the cost per apple is 225 (It's unrealistic tho)
100 apples is 100*225 selling price
Manufacturer price is 100*100 for 100 apples.
so we subtract the selling price form manufacturer price for 100 apples and divide to the manufacturer price in order to find the percentage of the margin which is a profit.
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Re: Evans sold apples at 125% of the cost price.What is the profit percent [#permalink] New post   02 Mar 2021, 07:07
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The profit % will be the same irrespective of whether it is 1 apple or 100 apples as long as we take an equal number when calculating CP and SP.

let CP of 1 apple = 100

then SP of 1 apple = 125

Profit% = \(\frac{SP - CP}{CP} * 100 = \frac{125 - 100}{100} * 100\) = 25%


Option C

Arun Kumar
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Re: Evans sold apples at 125% of the cost price.What is the profit percent [#permalink]
02 Mar 2021, 07:07
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