ABC26GN2725 · Profit and Loss
Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2010 · Marks: · Difficulty:
If there is a profit of 20\% on the cost price of an article, the percentage of profit calculated on its selling price will be
(a)$8 \frac{1}{3}$
(b)$16 \frac{2}{3}$
(c)20
(d)24
Answer
Explanation
Let C.P. be ₹ $x$. Then, profit $=20 \%$ of ₹ $x=₹ \frac{x}{5}$. $$\begin{aligned} & \text { S.P. }=₹\left(x+\frac{x}{5}\right)=₹ \frac{6 x}{5} . \\ & \therefore \text { Desired profit } \%=\left(\frac{x}{5} \times \frac{5}{6 x} \times 100\right) \%=16 \frac{2}{3} \% . \end{aligned}$$
Explanation as extracted from the printed page; notation may be imperfect.
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