The cost price of 20 televisions is same as the selling price of 16. What is the percentage of profit?
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Let cp of 1 TV = rs. 1
Cp of 20 Tv =₹ 20
Sp of 16 Tv =₹ 20
Sp of 1 televisions =rs. 20/16
Sp of 20 televisions =rs20/16*20
=rs. 25
Profit=sp-cp
=25-20
=rs. 5
Profit%=profit*100/cp
5*100/20
=25%
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