Question

The cost price of an article is 5/4 times it's sp. Find the profit or loss as a percent​

Answer 1

Step-by-step explanation:

C.P.= 5/4 S.P.

Therefore, S.P.= 4/5 C.P.

Since, SP>CP, there is a gain

Gain =S.P.−C.P.= 4/5 C.P.−C.P.= 1/4C.P.

Gain % = C.P./Gain×100= 1/4 ×100=25 %