There is a profit of 20 % on the cost price o | vedclass

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(A) Let the cost price $(C.P.)$ of the article be $₹ 100$.Since the profit is $20 \%$ on the cost price, the profit amount is $₹ 20$.Therefore, the se

Vedclass · Accepted Answer

$16 \frac{2}{3}$

Vedclass · Answer

(A) Let the cost price $(C.P.)$ of the article be $₹ 100$.Since the profit is $20 \%$ on the cost price, the profit amount is $₹ 20$.Therefore, the selling price $(S.P.)$ $= C.P. + 	ext{Profit} = ₹ 100 + ₹ 20 = ₹ 120$.Now, the profit percentage calculated on the selling price is given by the formula:$	ext{Profit percentage on } S.P. = \left( \frac{	ext{Profit}}{S.P.} ight) 	imes 100$$= \left( \frac{20}{120} ight) 	imes 100$$= \left( \frac{1}{6} ight) 	imes 100 = \frac{100}{6} = 16 \frac{2}{3} \%$.

There is a profit of $20 \%$ on the cost price of an article. The per cent of profit, when calculated on the selling price is.......$\%$

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