# 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.