Question

What is the percentage gain on purchase price if 20% profit on sale price

Answer 1

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You bought a product for RS 100 and you are selling it at a profit of 20% on cost(i.e RS. 100) then profit will be 100*20%=Rs20. Selling Price will be Cost + Profit =100+20=120. Percentage profit on selling price will be =(Profit Earned*100)/Selling Price.