Multiple choice 20\% profit on cost price. Is what \% profit on selling price? $25\%$ $16\%$ $16.66\%$ $20\%$ $10\%$ Reveal answer Fill a bubble to check yourself C Correct answer Explanation If CP = 100, then 20% profit means SP = 120. Profit on CP is 20. Profit on SP = 20/120 = 1/6 = 16.67%. Option A (25%) assumes profit/CP relationship. Option D (20%) confuses CP and SP bases.