Question

An article when sold for Rs.200 fetches 25% profit. What would be the percentage profit/loss
if 6 such articles are sold for Rs.1056?
a) 10% loss b) 10% profit c) 5% loss
d) 5% profit e) None of these

Answer 1

The selling price = 125%

The buying price = 100%

125% = 200

100% =?

100/125 × 200 = 160

Rs 160

The buying price of the six articles :

160 × 6 = 960

The profit = 1056 - 960 = 96

96/960 × 100 = 10%

10% profit.

Answer 2

$\textbf {Hey there, here is the solution.}$

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STEP 1: Find the cost price:

100 + 25% = 125%

125% = Rs 200

1% = 200 ÷ 125 = Rs 1.60

100% = 1.6 x 100 = Rs 160

The cost price of the article is Rs 160.

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STEP 2: Find the selling price of one article:

6 articles = Rs 1056

1 article = 1056 ÷ 6

1 article = Rs 176

1 article is sold for Rs 176

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STEP 3: Find the profit/loss percentage:

Since the selling price is more than cost price

⇒ It is a profit

.

Profit = 176 - 160 = Rs 16

Profit percentage = 16/160 x 100 =10%

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Answer: The article was sold at a profit of 10% ( Option b)

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⭐$\textbf {Cheers}$⭐