A student calculates profit percentage on the selling price instead of calculating it on the cost price of an article. The selling price of the article is Rs 312.50. If the actual profit is 20%, the profit calculated by him is Options: A . &nbsp \(15\frac{2}{3}\) % B . &nbsp \(16\frac{2}{3}\) % C . &nbsp \(17\frac{2}{3}\) % D . &nbspnone of these

A student calculates profit percentage on the selling price instead of calcul

Question

A student calculates profit percentage on the selling price instead of calculating it on the cost price of an article. The selling price of the article is Rs 312.50. If the actual profit is 20%, the profit calculated by him is

Options:

A . \(15\frac{2}{3}\)%

B . \(16\frac{2}{3}\)%

C . \(17\frac{2}{3}\) %

D . none of these

Answer: Option B

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