Gopi purchased an article at of its selling price. Had he sold it at 20% more than the selling price, then what would be his profit percentage be?
Given:
Gopi purchased article at of selling price
Formula Used:
Profit = SP - CP
Profit percent =
Solution:
Let the selling price of article be x
Then Cost Price for Gopi =
If Gopi sells article for 20% more than selling price then
Selling price for Gopi =x + 20% of x = x + 0.2x = 1.2x
Profit for Gopi =
Profit percent
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80 Questions
160 Marks
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