Could anyone please help in this question with explanation and formula to find the solution.
If the profit is 25% of the cost price, then it is _____ % of the sales price.
a. 25 b. 33 c. 20 d. 15.
Thanks in Advance.
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Query on accounts
Replies (3)
20 % of sale
see, suppose cost is 100 and 25 % profit then sale price is 125
now profit % on sale is 25/125*100 = 20 %
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