Multiple choice

Passage

Read the graph carefully and answer the following questions.

If the percentage of profit calculated on selling price of an article is 20% .Percentage of profit calculated on cost price will be

  1. 16 %

  2. 24 %

  3. 25 %

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

If profit on selling price is 20%, then SP = CP × 1.2. The profit amount is 0.2 × CP, so profit on cost price = (0.2 × CP)/CP × 100 = 25%. This is a standard profit percentage conversion formula.

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