Multiple choice

If the cost price of an article is 80% of the selling price, then what is the profit percentage?

  1. 20

  2. 25

  3. 30

  4. 28
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cost Price (CP) = 0.8 * Selling Price (SP). Profit = SP - CP = SP - 0.8SP = 0.2SP. Profit percentage = (Profit / CP) * 100 = (0.2SP / 0.8SP) * 100 = (1/4) * 100 = 25%.

AI explanation

If the cost price is 80% of the selling price, let the selling price be 100 rupees, making the cost price 80 rupees. Using the profit percentage formula, profit percentage equals (profit divided by cost price) multiplied by 100. Substituting the values gives (20 divided by 80) multiplied by 100, which equals 25%. The result is 25.

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