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If the percentage of profit calculated on selling price of an article is 20%, percentage of profit calculated on cost price will be
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- 16%
- 24%
- 25%
- 28%
Correct Option: C
According to question ,
| × 100 = 20 | S.P. |
⇒ 5S.P. – 5C.P. = S.P.
⇒ 4S.P. = 5C.P.
| ∴ | = | SP | 5 |
Gain = SP - CP = 5 - 4 = 1
| ∴ Required percentage = | × 100 = 25% | 4 |
