The marked price of 85 items was equal to the cost price of 153 items. The selling price of 104 items was equal to the marked price of 65 items. Calculate the percentage profit or loss from the sale of each item.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 12.5% profit.
According to the given question,
85MP = 153CP
⇒ CP : MP = 5 : 9
Also, 104SP = 65MP
⇒ MP : SP = 8 : 5
Now, CP : MP : SP = 40 : 72 : 45
Now, required profit percentage = [(45 - 40)/40] × 100
⇒ 100 × 5/40 = 12.5%
Hence the required answer is 12.5% profit.