Question

By selling an article for Rs. 240, a man made a profit of 20%. What is his CP ? What would be his profit percent if he sold the article for Rs. 275

Answer 1

Answer:

cp is 200 and profit percent is 37.5%

Step-by-step explanation:

solution is in the attachment

Answer 2

Given:

Price of an article = Rs. 240

Profit = 20%

To Find:

Profit percentage if he sold the article for Rs. 275

Step by step explanation:

Let the cost of article be X and if he earns profit of 20% then its selling price will be X + 20% of X

$= > \: x + \frac{x}{5} = \frac{6x}{5}$

and it should be equal to 240 as per question.

So,

$\frac{6x}{5} = 240$

=> X = 200 ( This is cost price of the article )

But if he is sell it in 275 then profit percentage will be

= {(275-200)/200}×100

= 37.5 %

Conclusion:

Therefore the profit percentage if he sold the article at Rs. 275 is 37.5 %