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Lawal buys articles at 5 for 20k and sells them at 5k each. What is his profit percent?

(5 - 20/5) / (20/5) = 1/4 = 25%

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Profit percentage is a measure of the profitability of a business or individual. In the given scenario, Lawal purchases articles at a rate of 5 for 20,000 Naira, implying that the cost of each article is 4,000 Naira (20,000 divided by 5). Subsequently, he sells each article for 5,000 Naira. To calculate Lawal's profit percentage, we can consider the relative profit earned per article, which is 5,000 Naira (selling price) minus 4,000 Naira (cost price), resulting in a profit of 1,000 Naira. Now, to determine the profit percentage, we divide this profit by the cost price (4,000 Naira) and multiply by 100. Following this calculation, Lawal's profit percentage is 25%, as he earns a profit equivalent to 25% of the cost price for each article sold.