Question

If 20% profit is on selling price, what is the profit percantage of cost price?​

Answer 1

Answer:

We know that,

Cost price + profit = sales price.

80% +20% =100%.

We have to assume sales as 100% as profit is calculated on sales.

Since profit is 20% on sale, therefore cost will be 80% on sale.

For eg:- if given sales is rs 50 :- assume 100%

Thus, profit being 20% (given) will be

20% on 50= rs 10

And cost which will be 80%

Ie:- 80% on 50 =rs 40.

Answer 2

Answer:

20% profits on sales means 25% profits to cost. its very simple. just cross multiplication. Thus cost will be 75, profit will be 25 if Sales will be 100.

Please follow me

Brainliest my answer