2021 · Q66
The cost price of 100 mangoes is equal to the selling price of 80 mangoes. What is the profit percentage?
Elementary MathematicsProfit and Loss
- A16%
- B20%
- C24%
- D25%
Explanation
100·CP = 80·SP gives SP = 1.25·CP, so the profit is 25% of CP. Note the profit is reckoned on cost price, not on selling price. Hence option D.