Question

60 percentage of the cost price of an article is equal to 50% selling price of an article then the profit or loss of the cost price is​

Answer 1

Answer:

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Answer 2

The profit or loss of the cost price is $\bold{20\%}$​

Solution:

$\bold{60\% \ of \ CP = 50\% \ of \ SP}$

$\Rightarrow$ 6 of CP = 5 of SP

We know the $\bold{\text { Profit } \%=\left(\frac{\text { Difference }}{\text { Sold }}\right)\times 100}$

$\Rightarrow \left(\frac{6-5}{5}\right)\times 100 \\\\ \Rightarrow\left(\frac{100}{5}\right)=20$

So, the profit is $20\%$