Question

If 20% profit is on S.P what is the profit on cp​

Answer 1

Step-by-step explanation:

Description for Correct answer:

According to question,

20% profit on CP =1→Profit5→CP

∴ SP = CP + Profit

SP = 5 + 1

SP = 6

Percentage of profit calculated on SP

Profit% = zProfitSP×100

=16×100=1623%

Answer 2

Answer:

Let the sp be = x

Sp = ( 1 +profit /100) ×Cp

x = ( 100 + 20 /100) ×Cp

x = 120/100 ×Cp

Cp = x ×100/120

Cp = 5x /6