The cost price of 20 articles is the same as the selling price of 15 articles. The profit percentage in the transaction is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 33%.
Let the cost price of 1 article = 1
Cost price of 20 articles = 20
Selling price of 15 articles = 20 → selling price of 1 article = 20 ÷ 15 = 4/3
Profit per article = 4/3 – 1 = 1/3
Profit % = (1/3 ÷ 1) × 100 = 33⅓%