Question 66

If the profit on sale price be 20%, the percentage of profit on cost price is

Solution

Let selling price = Rs. $$100$$

=> Profit on selling price = $$\frac{20}{100}\times100=Rs.$$ $$20$$

Thus, cost price = $$100-20=Rs.$$ $$80$$

$$\therefore$$ Profit on cost price = $$\frac{20}{80}\times100$$

= $$\frac{100}{4}=25\%$$

=> Ans - (D)

Create a FREE account and get: