Question

mriganka bought an article and sold it at a price 5/4 times it's cost price.find it's profit % or loss%

Answer 1

Let cost price of article be Rs. 100

Selling price is 5/4 times of CP

∴ Selling Price = 5/4 × 100 = 125

Here SP > CP, it is a Profit

Profit = SP - CP

         = 125 - 100

         = 25

Profit% = (Profit/CP) × 100

           = ( 25/100) × 100

           = 25%

∴There was a profit of 25%