Correct option is A
Given:
Cost price of 20 articles = Selling price of 16 articles
Formula Used:
Profit % =
Solution:
Let the cost price of 1 article be ₹1
Then:
Total cost price of 20 articles = ₹20
So, cost price of 1 article = = ₹1
Selling price of 16 articles = ₹20
So, selling price of 1 article = = ₹1.25
Profit % =
Alternate Solution:
20 CP = 16 SP
Profit % =