EduFarming
Your list · 0हिं

Type at least two letters. Press Esc to close.

↑↓ navigate↵ openTAB cycle filter

Profit, Loss & Discount · Question 20 of 72

Question 20

MediumOriginal question

A trader's profit is 20% of his selling price. What is his profit as a percentage of the cost price?

Options for question 20

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. Take SP = ₹100. Then profit = ₹20.

  2. CP = ₹100 − ₹20 = ₹80.

  3. Profit % on CP = 2080×100=25%\frac{20}{80} \times 100 = 25\%.

Worth noting

A profit that is 20% of the SP is always a bigger percentage of the CP, because the CP is smaller than the SP.

Concept
Converting profit on SP to profit on CP
Typical time
50 s
Your time
—
The rule this testsProfit and loss
Practise this chapter →

Ten questions from Profit, Loss & Discount, at your own pace.

Practise this chapter →

Ten questions from Profit, Loss & Discount, at your own pace.

Practise this chapterAll 72 questions in Profit, Loss & DiscountRevise the notes for Profit, Loss & Discount