60 % of the cost price of an article is equal | vedclass

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(C) Let the cost price $(C.P.)$ of the article be $₹ 100$ and its selling price $(S.P.)$ be $₹ x$.According to the given condition:$60 \% 	ext{ of }

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$20 \%$ profit

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(C) Let the cost price $(C.P.)$ of the article be $₹ 100$ and its selling price $(S.P.)$ be $₹ x$.According to the given condition:$60 \% 	ext{ of } C.P. = 50 \% 	ext{ of } S.P.$$0.60 	imes 100 = 0.50 	imes x$$60 = 0.5x$$x = \frac{60}{0.5} = 120$Since the selling price $(₹ 120)$ is greater than the cost price $(₹ 100)$,there is a profit.$	ext{Profit} = S.P. - C.P. = 120 - 100 = ₹ 20$.$	ext{Profit } \% = \left( \frac{	ext{Profit}}{C.P.} 	imes 100 ight) \% = \left( \frac{20}{100} 	imes 100 ight) \% = 20 \%$.

$60 \%$ of the cost price of an article is equal to $50 \%$ of its selling price. Then the percentage of profit or loss on the cost price is

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