Free Set
Question

If selling price is 20% more than cost price, profit %?

Options
A20% Correct Answer
B25%
C16.66%
D33.33%
Correct Answer & Explanation

Option A: 20%

Rationale

Profit % = (SP-CP)/CP x100. If SP is 20% more than CP, SP=1.2CP. Profit =0.2CP. Profit %=0.2CP/CP x100=20%. Direct.

Start With Free Plan

Prepare for NORCET & Nursing Exams

Install the MDI Nursing App today and try out our Free Plan with live mock tests, PYQ modules, and topic-wise practice questions.

Google Play