Question

(If the profit is 20% on sell price, profit on cost price will be
(a) 15%
(b) 20%
(c) 25%
(d) 30%​

Answer 1

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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.

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Answer 2

Answer:

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.