Question

 I make a profit of 20% by selling an article. What would be the profit percent if it were calculated on the selling price instead of the cost price?​

Answer 1

Answer:

suppose c.p is 100

profit % is 20 , after gaining profit of 100*(20/100)=20,

therefore sp is 120

so if profit is calculated on s.p,

therefore profit Percentage is

20/120*100

= 16(2/3)%