Multiple Choice Questions on After selling an article at some price a trader gain 20 on the selling price Find his profit on the ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

After selling an article at some price a trader gain 20 on the selling price Find his profit on the ...........

Quantitative Aptitude ( CCS) Profit and loss
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    After selling an article at some price, a trader gain 20% on the selling price. Find his profit% on the cost price.

    50%

    Incorrect Answer

    33 1/3%

    Incorrect Answer

    16 2/3%

    Incorrect Answer

    25%

    Correct Answer
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    Explanation:

    Solution: 
    Profit = 20% on SP
    20% = 1/5, (1 – profit, 5 – SP)
    CP = SP – Profit
    4 = 5 – 1
    so profit% on CP = profit/CP *100 = 1/4 * 100 = 25%

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