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    ​If the selling price of an article is 54\frac{5}{4}45​​ of its cost price, then the profit obtained in the transaction is: ​
    Question

    If the selling price of an article is 54\frac{5}{4}​ of its cost price, then the profit obtained in the transaction is:

    A.

    30%

    B.

    40%

    C.

    35%

    D.

    25%

    Correct option is D

    Given:

    the selling price of an article is 54\tfrac{5}{4} of its cost price 

    Formula Used: 

    Profit % = ProfitCP×100\frac{\text{Profit}}{CP}\times 100

    Solution:

    If the selling price of an article is 54\tfrac{5}{4}​ of its cost price,

    By ratio method,

    Selling price = 54×\frac{5}{4}\times​ Cost price

    Selling priceCost price\frac{\text{Selling price}}{\text{Cost price}} = 54\frac{5}{4}

    Cost price : Selling price

    4 : 5

    Selling price is 1 more than cost price

    So that profit is 1 on cost price,

    Profit% = 14×100\frac{1}{4}\times100

    ​​Profit% = 25%

    Thus, option (d) is correct.

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