Some articles are sold in such a way that the cost price of 60% of articles is equal to the selling price of 40% of the articles. The profit percentage is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 50.
Given:
Some articles are sold in such a way that the cost price of 60% of articles = Selling price of 40% of the articles
Formula used:
Profit = Selling price - Cost price
Profit% = (Profit/Cost price) × 100
Calculations:
According to the question,
⇒ 60% of cost price = 40% of selling price
⇒ Cost price/selling price = 3/2
Using equation (1), we get
⇒ Profit% = [(3x - 2x)/2x] × 100
⇒ 50%