The cost price of 10 goods is equal to the selling price of 8 goods. Find the profit percentage.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 25%.
10CP = 8SP
⇒ CP/SP = 8/10 = 4/5
Profit = 5 - 4 = 1
Profit percentage = (1/4) × 100 = 25%