Question

By selling an article for 250 rupees , a man gains 20% . Find his percentage of profit , if he sold it for 275 rupees

Answer 1

Step-by-step explanation:

Cost price= (Selling price×100)/(100+profit)

Given

Selling price=250

Profit=20%

So C.P. =25000/120=208.333 approximately

Total profit he gets while selling artile for 275 rs is given by =275-208.33= 66.66

Therefore percentage of profit is ( 66.66/208.33)×100=31.99 ~32%