The selling price of an article is (8 / 5) th of its cost

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The selling price of an article is (8 / 5) th of its cost price. Then the gain percentage is

C.P. of article = Rs. y

∴ Its S.P. = Rs.	8y
	5

Profit =		8y	- y =	8y - 5y
		5		5

Profit = Rs.	3y
	5

∴ Profit percent =	(3y / 5)	× 100
	y

Profit percent =	3	× 100 = 60%
	5