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:

37.5%

Step-by-step explanation:

Solution:

Let CP = Rs. x SP = Rs. 240

Let profit be Rs. P.

✔️Now, profit % = 20%

Since Profit % = (Profit/CP) x 100

20 = (P/x) x 100

P = 20x/100 = x/5

Profit = SP – CP = 240 – x

P = 240 – x

x /5 = 240 – x

240 = x + x/5

240 = 6×/5

x = 1200/6

x = 200

✔️So, CP = Rs. 200

✔️New SP = Rs. 275 and CP = Rs. 200

Profit % = {(SP – CP)/CP} x 100

{(275 – 200)/200} x 100 = (75/200) x 100

= 7500/200

✔️ 37.5%

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Answer 2

Answer:

CP = 200

New profit per cent =37.5 %