Question

A bucket is sold at a profit equal to one - fifth of its cost price find profit percentage ​

Answer 1

Answer:

20% profit margin!

Step-by-step explanation:

Let suppose If the cost of a bucket is $100.

As the bucket is sold to 1/5 of the bucket cost.

i.e. 1/5 × 100 = $20

We know that 20% of 100 is 20.

i.e. 20/100 × 100 = 20

It mathematically means if the cost of the bucket was 100, and he sold at a profit equal to one - fifth of its cost price. It indicates that he earned a $20 profit. In other words, the person got a 20% profit percentage.

Note: I tried to take sample costs like $100 to make you understand as simple as I can.

Thus, if a  bucket is sold at a profit equal to one - fifth of its cost price, the profit margin will always 20%, because if there are 5 parts of an object, 1 part makes the 20%.

I hope you get my point.