Question

There is a profit of 20% on the cost price of an article. The % of profit, when calculated on selling price is ______.

Options

• `16 2/3`%

• 20%

• `33 1/3%`

• None of these

Answer 1

There is a profit of 20% on the cost price of an article. The % of profit, when calculated on selling price is `underline(16 2/3%)`.

Explanation:

C.P.    S.P

 5    :    6     `[20% = 1/5]`

Profit % = `1/6 xx 100 = 16  2/3%`