Profit & Loss · Question 20 · Easy
A trader makes a profit of 25% on the cost price. What is his profit as a percentage of the selling price?
- 25%
- 33 1/3%
- 20%
- 75%
Answer and explanation
Answer: C. 20%
Explanation: Take CP = 100, so SP = 125 and profit = 25. As a percentage of SP: 25/125 × 100 = 20%.
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