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Merchant Makes A Profit of 20% on Selling Price

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Merchant Makes A Profit of 20% on Selling Price [#permalink] New post 10 Jul 2010, 21:28
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If a merchant makes a profit of 20% based on the selling price of an article, what percent does the merchant makes on the cost?

A-20
B-40
C-25
D-None of These
[Reveal] Spoiler: OA
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Re: Merchant Makes A Profit of 20% on Selling Price [#permalink] New post 10 Jul 2010, 23:30
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Let x is the cost and y is the selling price

So if y=100, x=80
so (20/80)*100=25%

Ans C
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Re: Merchant Makes A Profit of 20% on Selling Price [#permalink] New post 11 Jul 2010, 02:43
thanks for your support
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Re: Merchant Makes A Profit of 20% on Selling Price [#permalink] New post 16 Jul 2010, 01:48
Let say Selling price will be Rs100,

20% profit means Cost price will be Rs80 and Rs20 is profit

now we have to find what percent of 80 will be 20 : X% * 80 = 20

X will be 25%
Re: Merchant Makes A Profit of 20% on Selling Price   [#permalink] 16 Jul 2010, 01:48
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