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Chris Peckover, Target Test Prep GMAT expert
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Oct 17 · Chris Peckover
Sat · 11:00 AM to 2:00 PM ET
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Logan Thompson
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Sep 6 to Dec 6, 2026

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$05-day trial no automatic billing
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40 hours of live online classes plus six months of access to the complete TTP EA OnDemand course.
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Profit on Selling price

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by GMATGuruNY » Sun Dec 20, 2015 5:00 am
sukhman wrote:Tom calculates his profit on selling price and finds it to be 20 % . What is his actual profit percentage ?
a) 20 b) 30 c)25 d)15 e)10
Let the selling price = 100.
Profit = 20% of the $100 selling price = 20.
Cost price = (selling price) - (profit) = 100-20 = 80.
Profit percentage = profit/cost = 20/80 = 1/4 = 25%.

The correct answer is C.
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