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If cost price is 80, overhead is 20 and selling price is 120, then the profit percent is
- A8 %
- B12 %
- C16 %
- D20 %
Correct answer: D
Discussion 1
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CCommunity
20 %
The CP = 80 + 20 = 100.
The SP = 120; and the profit = 120 – 100 = 20 i.e. = 20%
The CP = 80 + 20 = 100.
The SP = 120; and the profit = 120 – 100 = 20 i.e. = 20%