If the cost of an article is 80 percentage of its selling price, then what is the profit percentage?

a) 20 percentage
b) 30 percentage
c) 35 percentage
d) 25 percentage

Ans :

SSC GD – 30/03/2024 Shift -1

Step 1: Define the variables.

• Let the selling price (SP) of the article be x.
• According to the problem, the cost price (CP) is 80% of the selling price. So, the cost price is, CP=0.8x

Step 2: Calculate the profit.

Profit is the difference between the selling price and the cost price :
Profit = SP – CP = x-0.8x =0.2x

Step 3: Calculate the profit percentage.

The profit percentage is calculated using the formula:

Profit Percentage=(CP/Profit​)×100=(0.8x/0.2x​)×100=25%

So, the profit percentage is 25%.