a shopkeeper buys 75 articles for ₹2250 and sell them at a profit of 20%.find the selling price of an article
Answers
Answer:
36
Step-by-step explanation:
given 75 articles brought for 2250
so the cost price of one article =2250/75
cost price of one article = 30
he sold an article for 20% profit.
so the selling price= 30+ 20% of 30
30+ 6
36
so he sold an article for 36 rupees
HOPE THIS HELPS..
Solution!!
The concept of profit and loss has to be used here.
Profit% = 20
CP of 75 articles = Rs 2250
Profit% = (Profit/CP) × 100
20 = (Profit/2250) × 100
20 = (Profit/225) × 10
20 ÷ 10 = Profit/225
2 = Profit/225
Profit = Rs 450
Profit = SP - CP
Rs 450 = SP - Rs 2250
SP = Rs 2250 + Rs 450
SP of 75 articles = Rs 2700
SP of 1 article = Rs 2700 ÷ 75
SP of 1 article = Rs 36
More information:-
If SP>CP, then it is profit.
If CP>SP, then it is loss.
Profit = SP - CP
Loss = CP - SP
Profit% = (Profit/CP) × 100
Loss% = (Loss/CP) × 100
CP → Cost Price
SP → Selling Price