Question

14. By selling an article for 240, a
be if he sells the article for * 27​

Answer 1

Answer:

Let the cost price of the article be x.  

Given that selling price of the article = 240.  

Given that Profit = 20%.  

SP = x + 20x/100  

240 = x + 20x/100  

240 = x + x/5  

240 = 6x/5  

1200 = 6x  

x = 1200/6  

x = 200.  

Therefore the cost price of the article = 200 rupees.  

Given selling price = 275.  

We know that profit = SP - CP  

                                 = 275 - 200  

                                 = 75.  

Profit % = (Profit * 100/CP)  

             = (75 * 100/200)  

             = 37.5%.

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