A person purchases 36 articles for Rs. 360. How many articles must he sold for Rs. 360, so that the profit is 50%?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 24.
| Understanding/Application |
|
Cost Price of each article = 360/36 = Rs. 10 Required profit = 50% Selling Price of each article = 150% of 10 = (150 × 10)/100 = Rs.15 |
| For Rs.360, Number of articles to be sold are = 360/15 = 24 |