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:
Q. 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:
Answer: $latex 16\frac{2}{3}\%&s=1$
Notes: If the cost price is 100 Rs. Then selling price = 120 Rs. and gain = 20 Rs. Required gain % $latex = \frac{20}{120}\times 100&s=1$ $latex = \frac{50}{3} = 16\frac{2}{3}\%&s=1$ Hence option [A] is the right answer.