The profit earned on an article is 25%. If profit is calculated on the selling price, then what will be the profit percentage?
Show answer & explanation
Correct answer: C
Explanation
Correct Answer is option 3 i.e. 20
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Understanding |
Application |
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The profit earned on an article is 25% |
Suppose CP = 100 So, SP = 100 × 1.25 = 125 |
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If profit is calculated on SP |
Profit = 25/125 × 100 = 100/5 = 20% |