Question

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

Answer 1

Answer:

Let the cost price of the article be x.

Given that selling price of the article = 240.

Given that Profit = 20%.

SP = x + 20x/100

240 = x + 20x/100

240 = x + x/5

240 = 6x/5

1200 = 6x

x = 1200/6

x = 200.

Therefore the cost price of the article = 200 rupees.

Given selling price = 275.

We know that profit = SP - CP

                                  = 275 - 200

                                  = 75.

Profit % = (Profit * 100/CP)

              = (75 * 100/200)

              = 37.5%.

Hope this helps you

Answer 2

Answer:

= SP – CP = 240 – x. P = 240 ...

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Step-by-step explanation:

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