Question 4
If the cost price is 80% of the selling price, then what is the profit in percentage?
Solution
Given, cost price is 80% of selling price
C.P = 0.8 S.P
Profit = $$\ \frac{\ S.P\ -\ C.P}{C.P}\times\ 100$$
= $$\ \frac{\ S.P\ -\ 0.8S.P}{0.8S.P}\times\ 100$$
=$$\ \frac{0.2}{0.8}\times\ 100$$
= 25%
Answer is option B
Need AI Help?
Video Solution
Click on the Email ☝️ to Watch the Video Solution
Create a FREE account and get:
- All Quant Formulas and shortcuts PDF
- 40+ previous papers with detau solutions PDF
- Top 500 MBA exam Solved Questions for Free
CMAT Quant Questions | CMAT Quantitative Ability
CMAT Quadratic Equations QuestionsCMAT Geometry QuestionsCMAT Time, Speed and Distance QuestionsCMAT Inequalities QuestionsCMAT Logarithms, Surds and Indices Questions
CMAT DILR Questions | LRDI Questions For CMAT
CMAT Data Interpretation Basics QuestionsCMAT Charts QuestionsCMAT Logical Reasoning QuestionsCMAT Arrangement QuestionsCMAT Set Theory Questions
CMAT Verbal Ability Questions | VARC Questions For CMAT
Free CMAT Quant Questions
CMAT Time, Speed and DistanceCMAT GeometryCMAT Logarithms, Surds and IndicesCMAT Quadratic EquationsCMAT Progressions and SeriesCMAT Probability, CombinatoricsCMAT PGDBA CalculusCMAT Data SufficiencyCMAT Functions, Graphs and StatisticsCMAT Venn DiagramsCMAT Profit and LossCMAT InequalitiesCMAT Number SystemsCMAT Averages, Ratio and ProportionCMAT Linear Equations
