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If there is a profit of 20% on the cost price, the percentage of profit on the sale price is
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16 2 % 3
- 12%
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15 1 % 3
- 16%
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Correct Option: A
Let Cost price = $ y
| Selling Price = | = $ | 100 | 5 |
∴ Gain = Selling Price - Cost price
| Gain = | - y | 5 |
| Gain = $ | 5 |
| ∴ Required gain percent = | × 100 | (6y / 5) |
| Required gain percent = | = | 6 | 3 |
| Required gain percent = 16 | % | 3 |
