Question

01. If profit is 50% of sales, then the percentage of cost will be:
(A) 50%
(B) 75%
(D) None of these
(D) 100%​

Answer 1

Answer:

We know that,

Cost price + profit = sales price.

80% +20% =100%.

We have to assume sales as 100% as profit is calculated on sales.

Since profit is 20% on sale, therefore cost will be 80% on sale.

For eg:- if given sales is rs 50 :- assume 100%

Thus, profit being 20% (given) will be

20% on 50= rs 10

And cost which will be 80%

Ie:- 80% on 50 =rs 40.

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