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:

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]16\frac{2}{3}\%
[B]20
[C]24
[D]8\frac{1}{3}\%

\mathbf{16\frac{2}{3}\%}
If the cost price is 100 Rs. Then selling price = 120 Rs.
and gain = 20 Rs.
Required gain % = \frac{20}{120}\times 100
= \frac{50}{3} = 16\frac{2}{3}\%
Hence option [A] is the right answer.

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