the cost prize of an article is rs 1200 and selling prize is 5/4 times of its cost prize. find selling prize of the article, profit or lose as a percent
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The cost price of an article is 1,200 and selling price is 5/4 times of its cost price. Find Profit or loss as percent.
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It is given that
C.P of an article =₹1,200
We know that
S.P =5/4 of C.P
Substituting the values
S.P=5/4×1200=₹1,500
Gain = S.P – C.P
Substituting the values
=1500–1200
=₹300
Gain percent =(gain×100)/C.P
Substituting the values
=(300×100)/1200
=25%
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