If There Is A Profit Of 20% On The Cost Price Of An Article, The Perc

1.	If There Is A Profit Of 20% On The Cost Price Of An Article, The Percentage Of Profit Calculated On Its Selling Price Will Be?
Answer» LET the Cost PRICE be Rs. 100, Sincethere is a PROFIT of 20% on the Cost Price, then SELLING Price = C.P + 20% of C.P = 100 + 20 = Rs. 120 =>Selling Price =Rs. 120 Gain = SP - CP = 120 - 100 = 20 Gain % on S.P = (Gain / S.P) * 100% = (20/120) x 100 = 50/3%. Let the Cost Price be Rs. 100, Sincethere is a profit of 20% on the Cost Price, then Selling Price = C.P + 20% of C.P = 100 + 20 = Rs. 120 =>Selling Price =Rs. 120 Gain = SP - CP = 120 - 100 = 20 Gain % on S.P = (Gain / S.P) * 100% = (20/120) x 100 = 50/3%.

If There Is A Profit Of 20% On The Cost Price Of An Article, The Percentage Of Profit Calculated On Its Selling Price Will Be?

Answer»

LET the Cost PRICE be Rs. 100,

Sincethere is a PROFIT of 20% on the Cost Price,

then SELLING Price = C.P + 20% of C.P

= 100 + 20

= Rs. 120

=>Selling Price =Rs. 120

Gain = SP - CP

= 120 - 100

= 20

Gain % on S.P = (Gain / S.P) * 100%

= (20/120) x 100

= 50/3%.

Let the Cost Price be Rs. 100,

Sincethere is a profit of 20% on the Cost Price,

then Selling Price = C.P + 20% of C.P