a man find that the cost price of 2750 article is same as selling price of 2500 article. find profit or loss%
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Answer:
10% profit
Step-by-step explanation:
Let the CP of 1 article be ₹1.
Total CP = ₹2750
=> SP of 2500 articles = ₹2750
CP of 2500 articles = ₹2500
SP > CP.
Profit = SP - CP = ₹2750 - ₹2500 = ₹250
Profit % = 250/2500 × 100 = 10%
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10% loss is the right answer
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