⟩ Selling a car gains 25% on SP. What %gain on CP?a) 15b) 25c) 33.33d) 47.5
For these problems use formula
profit on SP =x% then profit on CP= x /(100-x) :
profit on CP =x% then profit on SP= x /(100+x);
here profit on CP=25/(100-25)
=25/75
=.3333
% gain on CP is 33.33%