Question

22.What is the profit % if the cost
price of 16 bolts is equal to the selling
price of 12 bolts?​

Answer 1

Answer:

Here is your answer --

CP of 16 notebooks = SP of 12 notebooks

=> Let the CP of 1 notebook be ₹1

=> CP of 16 notebooks = ₹1×16 = ₹16

=> SP of 12 notebooks = ₹16

=> SP of 1 notebook = ₹16/12 = ₹4/3

SP>CP

Gain = SP - CP

Gain = ₹ (4/3 - 1)

Gain = ₹1/3

Gain % = Gain/CP ×100

Gain % = 1/3 ×100

Gain % = 33 1/3%

Answer 2

Answer:

The profit percentage for the cost price of 16 bolts is equal to the selling

price of 12 bolts is 33.33 %

Step-by-step explanation:

Given: The cost price of 16 bolts is equal to the selling price of 12 bolts

To find: The profit percentage

Solution:

Cost price(CP) of 16 bolts = Selling price(SP) of 12 bolts

Let the CP of 1 bolts = Rs. 1

Therefore the CP of 16 bolts = 16 × 1

                                               = 16

SP of 12 bolts = CP of 16 bolts

Therefore,

SP of 12 bolts = Rs. 16

Find the SP of 1 bolt

SP of 1 bolts = 16/12

                    = 4/3

Selling Price  is greater than Cost Price

SP > CP

To calculate profit,

Profit = Selling Price  - Cost Price

          = $\frac{4}{3} - 1$

          = $\frac{4 - 3 }{3}$

          = $\frac{1}{3}$

To calculate profit %

Profit % = $\frac{Profit}{CP}$ × 100

            = $\frac{1}{3}$  × 100

            = 33.33 %

Final answer:

The profit percentage for the cost price of 16 bolts is equal to the selling

price of 12 bolts is 33.33 %

#SPJ2