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A store sells a watch for a profit of 25% of its cost price. Then the percentage of profit against selling price is :
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- 22%
- 20%
- 18%
- 15%
Correct Option: B
Let the C.P. of the watch be Rs. 100.
∴ Its S.P. = Rs. 125
If S.P. > C.P. , then
Profit = S.P. - C.P. = 125 - 100 = Rs. 25
∴ Profit percent on its S.P. = | × 100 | S.P. |
Profit percent on its S.P. = | × 100 = 20% | 125 |