If cost price of 80 articles is equal to the selling price of 50 articles, then what will be the profit percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 60%.
| Understanding/Application |
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Cost price of 80 articles = Selling price of 50 articles Profit = S.P. - C.P. Profit% = [(S.P. - C.P.) × 100]/C.P. = [(S.P./C.P.) - 1] × 100 |
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ATQ - 80C.P. = 50S.P. S.P./C.P. = 8/5 Profit% = [(8/5) - 1] × 100 = [(3/5) × 100] = 60% |