Question

If profit on sell is 20 % so how much profit on buy? ​

Answer 1

Answer:

I don't know yrr I will tell you after solving

Answer 2

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.