Question

If the ratio of cost price and selling price is 5:6 then what is the price profit in percentage?

Answer 1

Step-by-step explanation:

ratio of cost price and selling price is 5:6

if cost price is 5x then selling price = 6x

profit = selling price - cost price = 6x - 5x = x

profit percentage = (profit/cost price) × 100 = (x/5x) × 100 = 100/5 = 20%