arrow
arrow
arrow
A shopkeeper calculates his profit per cent on the selling price and his profit is 6.25%. Find his actual profit percentage.
Question

A shopkeeper calculates his profit per cent on the selling price and his profit is 6.25%. Find his actual profit percentage.

A.

7 1/7 %

B.

10%

C.

8%

D.

6 2/3%

Correct option is D

Given:
Profit percentage calculated on the Selling Price = 6.25%
Formula Used:
Cost Price = Selling Price - Profit
Actual Profit Percentage = ProfitCostPrice \frac{Profit}{Cost Price}​ × 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.
6.25%=1166.25 \% = \frac{1}{16}​​
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 % = 115×100\frac{1}{15} × 100​​ =203= \frac{20}{3}​​

Actual Profit % = 623%6 \frac{2}{3} \%​​
Final Answer
So the correct answer is (d)

Free Tests

Free
Must Attempt

RRB NTPC UG Level PYP (Held on 7 Aug 2025 S1)

languageIcon English
  • pdpQsnIcon100 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon90 Mins
languageIcon English
Free
Must Attempt

CBT-1 Full Mock Test 1

languageIcon English
  • pdpQsnIcon100 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon90 Mins
languageIcon English
Free
Must Attempt

RRB Group D Full Mock Test 1

languageIcon English
  • pdpQsnIcon100 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon90 Mins
languageIcon English

Similar Questions

test-prime-package

Access ‘RRB Group D’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
530k+ students have already unlocked exclusive benefits with Test Prime!

Similar Questions

Our Plans
Monthsup-arrow