Question

If the profit made by a trader is one fifth of the SP , find the actual profit percentage

Answer 1

Answer:

The actual profit percentage is 0.200%

Given Data:

$\text { Profit }=\frac{1}{5} \times S P$

To Find:

Actual Profit %?

Explanation:

Step 1:  

Let the selling price be 100

Step 2:

So profit = 1/5% of SP = 0.2

Cost price = Selling price – Profit

$=100-0.2=99.8$

Step 3:  

Actual profit % $=(\text { profit } / \text { cost price }) \times 100$

Actual profit % $=(0.2 / 99.8) \times 100$

Step 4:

Actual profit % = 0.200%

Answer 2

Step-by-step explanation:

Let the SP be 100

So, profit will be its 1/5 =20

since , CP= SP - PROFIT

CP=100-20=80

PROFIT %= PROFIT*100/CP

Substitute the value

P% = 20*100/80

P%= 25

So,the actual profit percentage is 25%