New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    Shyam determined that his profit is 20% of the selling

    price. What is his actual profit percentage based on the cost price?
    A 15% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 25% Correct Answer Incorrect Answer
    D 30% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let selling price of the article be Rs. 100 Profit = 100 × 0.2 = Rs. 20 So, the cost price = 100 – 20 = Rs. 80 Actual profit percent = [(100 – 80)/80] × 100 = 25%

    Practice Next

    Relevant for Exams: