If the ratio of cost price and sale price is 5: 6, then what is the profit %?
Answer: (2) 20%
The ratio of the cost price and sale price = 5: 6
Then, Let the cost price be 5X and sale price is 6X.
Profit = 6X – 5X
Then, Profit% = X x 100/5X
Hence, the answer is (2) 20%.