If cost price is 80, overhead is 20 and selling price is 120, then the profit percent is
A). 8 %
B). 12 %
C). 16 %
D). 20 %
20 %
The CP = 80 + 20 = 100.The SP = 120; and the profit = 120 – 100 = 20 i.e. = 20%
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