The cost price of an article is 80% of its selling price. What is the profit or the loss as percent?
Show answer & explanation
Correct answer: C
Explanation
Let the selling price (SP) be ₹100.
Cost price (CP) = 80% of 100 = ₹80
Profit = 100 - 80 = ₹20
Profit percentage = 20/80 × 100 = 25%