Question

A man Sells an article at Rs 600 and make a profit of 1/5 of the selling price. Calculate the profit percentage.

Answer 1

p=sp-cp

p=600-1/5

p=125

Answer 2

20 % is the profit percentage.

Since are given that,

Selling price of an article = Rs. 600

Therefore,  Gain = $\frac{1}{5}$ th of the selling price.

So, Gain value = $\frac{1}{5}$ × $600 = 120$

Thus, the profit percentage is given by,

Profit % = Profit/Cost Price × 100

              = 120 / 600 x 100

              =  20 %

Thus the profit percentage is 20%

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