Math, asked by SWM, 6 months ago

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

Answers

Answered by řåhûł
43

Given:

Selling price of an article = Rs. 240/-

Profit gain for an article = 20%

To Find:

(i) Cost price of an article

(ii) Profit percentage if he sold the article for Rs. 275

Solution:

(i) Cost price of an article

Let it be = x

Now as we know

SP = CP + ( CP × Gain%/100 )

240 = x + ( x × 20/100 )

240 = x + 20x/100

240 = x + x/5

240 = 6x/5

6x = 1200

x = 200

Hence, Cost price of article is Rs. 200/-

(ii) Profit percentage if he sold the article for Rs. 275

Profit = Selling price - Cost price

Profit = 275 - 200

Profit = Rs. 75/-

Now

Profit% = ( Profit × 100 )/ CP

Profit% = 75 × 100 / 200

Profit% = 37.5%

Hence, profit percentage if he sold the article for Rs. 275 is 37.5% .

Answered by Anonymous
566

Step-by-step explanation:

Given : -

  • By selling an article for Rs. 240.

  • a man makes a profit of 20%

  • he sold the article for Rs. 275

To Find : -

  • What is the CP a. What would his profit percentage

Solution : -

we have formula :

➙ CP = 100 × S P/100 + profit percentage

putting all values :

➙ CP = 100 × S P/100 + 20

➙ CP = 100× 240/120

➙ CP = 100 × 2 / 1

➙ CP = 200

we have Profit = Sold - CP

Profit = 275 - 200

Profit = 75

Gain percent = profit × 100 / CP

Gain percent = 75× 100/ 200

Gain percent = 75 / 2

Gain percent = 37.5%

Hence Gain percent = 37.5%

More information : -

Profit.

  • The surplus remaining after total costs are deducted from total revenue.

  • the basis on which tax is computed and dividend is paid. It is the best known measure of success in an enterprise.

Gain profit

  • profit that arises from events or transactions which are incidental to business such as sale of fixed assets,winning a court case, appreciation in the value of an asset.

  • Profit- The excess of revenues of a period over its related expenses during an accounting year is termed as profit.
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