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If the cost price of an article is 80% of its selling price, the profit percent is :
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- 20 %
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22 1 % 2
- 24%
- 25%
Correct Option: D
According to given question ,
Selling Price ( S.P. ) = $ 100 , Cost Price ( C.P. ) = $ 80
∴ Gain = S.P. - C.P. = 100 - 80 = $ 20
| ∴ Gain percent = | × 100% | 80 |
| Gain percent = | × 100 = 25% | 80 |
