A man earns a profit of 20% on selling p

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man earns a profit of 20% on selling price. Find the profit percent on the cost price.

Options:

20%

25%

30%

35%

Correct Answer:

25%

Explanation:

Let SP = 100

So, according to the question:

Profit = 20% on SP = 20

CP = 100 - 20 i.e. SP - Profit = 80

So, the profit % on the cost price = \(\frac{ 20}{80 }\) x 100 = 25%