if profit is 25 percent on cost means 20 on selling price how ? Please explain by steps
1 Replies
Sivakumar K
(Tax & Audit Professional)
(107 Points)
Replied 09 May 2015
Hi Gayathri,
Let me explain this example. Let 100 be the cost price and 25% profit is added to get Selling price of 125. So 100 + 25 = 125 right?
So now you just consider the profit 25 and Selling price of 125. What would be the percentage? 25/125 right? So that's what 20%. Make sense?
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