Arithmeticmedium · Past Paper
If the profit on an article is 1/5 of its selling price, find the profit percentage on the cost price.
A20%
B25%
C15%
D30%
✓ Correct Answer: B — 25%
Profit = SP/5, so CP = SP - SP/5 = 4SP/5. Profit % = (Profit/CP) * 100 = (SP/5 / 4SP/5) * 100 = 25%.
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