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

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