| If the profit is 20% on sell price, profit on cost price will be [WBSSC (CGL) 2014] |
A) 15%
B) 20%
C) 25%
D) 30%
Correct Answer: C
Solution :
| Let the SP be Rs. 100. |
| Then, profit = 20% of 100 = Rs. 20 |
| \[\therefore \] \[CP=SP-P=100-20\] |
| \[\Rightarrow \] \[CP=Rs.\,80\] |
| Then, profit on \[CP=\frac{20}{80}\times 100%\,\,=\,\,\frac{100}{4}%=25%\] |
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