An article is sold for Rs. 50 at your retail
store. A customer buys 5 such articles. If
the cost to make this article is Rs. 35, what
is the total profit earned?
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Answer:
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Step-by-step explanation:
Let C.P of one article =1 Rs.
Then C.P of 40 article=40 Rs.
According to the question
S.P of 50 article =C.P of 40 article=40 Rs.
We assume that C.P of one article =1Rs.
then C.P of 50 article=50 Rs.
Loss=50-40=10 Rs
Loss %=10/50×100=20%
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