If you're seeing this message, it means we're having trouble loading external resources on our website. Show If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. A. $$8\frac{1}{3}$$ % B. $$16\frac{2}{3}$$ % C. 20 % D. 24 % Solution(By Examveda Team)$$\eqalign{ & {\text{Let C}}{\text{.P}}{\text{. be Rs}}{\text{. }}x. \cr & {\text{Then,}} \cr & {\text{Profit}} = 20\% {\text{ of Rs}}{\text{. }}x \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}.\frac{x}{5} \cr & {\text{S}}{\text{.P}}{\text{.}} = {\text{Rs}}.\left( {x + \frac{x}{5}} \right) \cr & \,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}.\frac{{6x}}{5} \cr & \therefore {\text{Desired profit }}\% \cr & = \left( {\frac{x}{5} \times \frac{5}{{6x}} \times 100} \right)\% \cr & = 16\frac{2}{3}\% \cr} $$
Correct Answer:
Description for Correct answer: 20% profit on CP \( \Large =\frac{1\rightarrow Profit}{5\rightarrow CP} \) \( \therefore \) SP = CP + Profit SP = 5 + 1 SP = 6 Percentage of profit calculated on SP Profit% = \( \Large z\frac{Profit}{SP} \times 100 \) \( \Large =\frac{1}{6} \times 100 = 16\frac{2}{3}\%\) Part of solved Profit and Loss questions and answers : >> Aptitude >> Profit and Loss DownloadApp
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Correct Option: BAccording to given question ,
Your comments will be displayed only after manual approval. What is profit on cost if profit on sales is 20 %?Detailed Solution
∴ Profit% on the cost price is 25%.
What is the profit of 20%?If you pay $125 for the labor and add 20% of $125 (0.2 $125 = $25) you get $150.
What is the percentage of profit on sales if profit is 25% on cost?% of Profit on selling price = (25 * 100)/125 = 20%
What is the formula for cost price if there is a profit?Cost price = Selling price − profit ( when selling price and profit is given ) Cost price = Selling price + loss ( when selling price and loss is given )
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