Question

The cost price of an article is $₹1,200$ and selling price is $5/4$ times of its cost price. Find Profit or loss as percent.

Answer 1

It is given that

C.P of an article $=₹1,200$

We know that

S.P $=5/4$ of C.P

Substituting the values

$S.P=5/4\times 1200=₹1,500$

Gain = S.P – C.P

Substituting the values

$=1500–1200$

$=₹300$

Gain percent $=(gain\times 100)/C.P$

Substituting the values

$=(300\times 100)/1200$

$=25\%$