Question

By selling an article for 240₹ a man makes a profit of 20%. what is his CP ? what would be his profit percent if he sells the article for 375₹


#nospam​

Answer 1

Answer:

Solution  

Let CP=Rs.x

SP=Rs.240

Let the profit be Rs.P.

Now, profit %=20%

Since

Profit %=(Profit/CP)×100

⇒20=(P/x)×100

⇒P=20x/100=x/5

Profit=SP−CP=240−x

$$⇒ P = 240 - x $$

$$⇒ x/5 = 240 - x$$

$$⇒​ 240 =  x + x/5$$

$$⇒ 240 = 6x/5$$

$$⇒ x = 1200/6 = 200$$

So, CP=Rs.200

New SP=Rs.275 and CP=Rs.200

Profit %=(SP−CP)/CP×100=(275−200)/200×100=(75/200)×100

=7500/200=37.5%

C.P.=Rs.200,Profit %=37.5%

Step-by-step explanation:

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