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There is a profit of 20% on the cost price of an article. The % of profit, when calculated on selling price is
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16 2 % 3
- 20%
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33 1 % 3 - None of these
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Correct Option: A
Let Cost Price of article = $ y
For Profit of 20% ,
| Selling Price = | = $ | 100 | 5 |
| Gain = | - y = | 5 | 5 |
| Gain = $ | 5 |
| ∴ Gain percent = | × 100 | Selling Price |
| Gain percent = | × 100 = | (6y / 5y) | 3 |
| Gain percent = 16 | % | 3 |
