Question
Shyam determined that his profit is 20% of the selling
price. What is his actual profit percentage based on the cost price?Solution
Let selling price of the article be Rs. 100 Profit = 100 × 0.2 = Rs. 20 So, the cost price = 100 – 20 = Rs. 80 Actual profit percent = [(100 – 80)/80] × 100 = 25%
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