Correct option is D
Given:
Profit percentage calculated on the Selling Price = 6.25%
Formula Used:
Cost Price = Selling Price - Profit
Actual Profit Percentage = × 100
Solution:
The profit percentage on the Selling Price is given as 6.25%.
We can convert this percentage into a fraction for easier calculation.
This fractional value implies that if the Selling Price is 16 units, the Profit earned is 1 unit.
Now, we determine the Cost Price.
CP = SP - Profit
CP = 16 - 1 = 15
Actual profit percentage is always calculated based on the Cost Price.
Actual Profit % =
Actual Profit % =
Final Answer
So the correct answer is (d)