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The cost price of an article is 40% of t...

The cost price of an article is 40% of the selling price. What percent of the cost price is the selling price?

A

1.4

B

2

C

2.2

D

2.5

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find out what percent of the cost price (CP) is the selling price (SP) given that the cost price is 40% of the selling price. ### Step-by-step Solution: 1. **Define the Selling Price (SP)**: Let's assume the selling price (SP) of the article is \( x \). 2. **Calculate the Cost Price (CP)**: According to the problem, the cost price (CP) is 40% of the selling price. Therefore: \[ CP = 40\% \text{ of } SP = 0.4x \] 3. **Find the Percentage of Selling Price with Respect to Cost Price**: We need to find what percent the selling price (SP) is of the cost price (CP). The formula to find the percentage is: \[ \text{Percentage} = \left( \frac{SP}{CP} \right) \times 100 \] Substituting the values we have: \[ \text{Percentage} = \left( \frac{x}{0.4x} \right) \times 100 \] 4. **Simplify the Expression**: The \( x \) in the numerator and denominator cancels out: \[ \text{Percentage} = \left( \frac{1}{0.4} \right) \times 100 \] Now calculate \( \frac{1}{0.4} \): \[ \frac{1}{0.4} = 2.5 \] Therefore: \[ \text{Percentage} = 2.5 \times 100 = 250\% \] 5. **Conclusion**: The selling price is 250% of the cost price. ### Final Answer: The selling price is 250% of the cost price. ---
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