Quantitative Aptitude Ques 2262

Question: If the profit is 20% on sell price, profit on cost price will be

Options:

A) 15%

B) 20%

C) 25%

D) 30%

Show Answer

Answer:

Correct Answer: C

Solution:

  • Let the SP be Rs. 100. Then, profit = 20% of 100 = Rs. 20

$ \therefore $ $ CP=SP-P=100-20 $

$ \Rightarrow $ $ CP=Rs.,80 $ Then, profit on $ CP=\frac{20}{80}\times 100%=\frac{100}{4}%=25% $

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