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If there is a profit of 20% on the cost price of an article, the percentage of profit calculated on its selling price will be
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- 24
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16 2 3 -
8 1 3 - 20
Correct Option: B
According to given question ,
Let cost price is $ 100, then selling price = $ 120 and gain = $ 20
| Required gain % = | × 100 | Selling price |
| Required gain % = | × 100 | 120 |
| Required gain % = | = 16 | % | 3 | 3 |
