Let sp be Rs 100
So,cp=100-20=Rs80
therfore, profit=100-80=Rs20
so, profit percent=(20/80)*100=25%
Therefore, Profit Percent is 25%
If a merchant estimates his profits as 20 % of the selling price, what is his profit percent? Show the process.
Let sp be Rs 100
So,cp=100-20=Rs80
therfore, profit=100-80=Rs20
so, profit percent=(20/80)*100=25%
Therefore, Profit Percent is 25%