If the gain is one-fifth of the selling price, then the gain percentage is:
Answer & explanation
Correct answer: option 4
According to the question,
One-fifth means = \(\frac{1}{5}\) = \(\frac{Profit}{Selling\;price}\)
Now the cost price = 5 - 1 = 4
So the profit% = 1 × \(\frac{100}{4}\) = 25%