a shopkeeper earns 20% profit on selling price. what is his profit on cost price?
Answers
Answered by
0
Answer:
Profit% on the cost price is 25%.
Answered by
0
Answer:
Let the selling price be 100x
⇒ Profit = 20% of the selling price
⇒ Profit = 20% × 100x = 20x
⇒ Cost price = selling price – Profit
⇒ Cost price = 100x – 20x = 80x
⇒ Profit% on the cost price = (profit/cost price) × 100
⇒ Profit% on the cost price = (20x/80x) × 100
⇒ Profit% on the cost price = 25%
∴ Profit% on the cost price is 25%
Similar questions