An article's cost price is 40% of its selling price. What percentage of the cost price is the selling price:________?
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Answer: D. 250
Explanation
Cost price is stated as 40 percent or zero point four of the selling price. The question asks what percentage the selling price is of the cost price. Calculating selling price divided by cost price multiplied by 100 yields 250 percent. Percentages express proportions relative to a base reference value of 100. Equation establishes CP equals zero point four times SP. Rearranging gives SP over CP equals one divided by zero point four.
Markup pricing strategies often express selling price as a multiple of cost price. Financial ratio analysis frequently inverts base and comparison variables. Commercial profit calculations require careful attention to the base reference value. Choosing 40 percent represents the cost price ratio rather than the selling price percentage. Choosing 60 percent represents the profit margin percentage rather than the SP ratio. Choosing 240 percent results from a minor calculation error in the inversion step.
- Subject
- Mathematics
- Category
- Mathematics
- Topic
- —
- Difficulty
- medium
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