Answer:
The profit percentage is 25%.
Step-by-step explanation:
Solution :
Selling price = Rs. 600
Profit = 1/5 of the selling price
Profit percentage = ??
Profit = 1/5 of the selling price
600 × 1/5 = 120
Profit = Rs. 120
Cost price = Selling Price - Profit
= 600 - 120
= 480
Profit pecentage -
P% = (SP - CP)/CP × 100
= (600 - 480)/480 × 100
= 120/480 × 100
= 1/4 × 100
= 25%
Hence, the profit percentage is 25%.
