Question

by selling an article for Rs.250. sanjeev gains 20% . find his percentage prifit if he sells it for Rs. 275

Answer 1

selling price = rs. 250
gain = 20 %
let the cost price be x
gain = 20% of x
= (1/5)x
selling price = cost price + gain
[x+(1/5)x]
= [1+(1/5)]x
(6/5)x
according to the sum ,
(6/5)x = 250
6x = 5* 250
6x = 1250
x = 1250/6
x= rs. 208.33
therefore . cost price = rs. 208.33

selling price = rs. 275
cost price = rs. 208.33
profit = rs. 66.67
profit % = (66.67/208.33)*100
= (6667/20833)*100
= 666700/20833
= 32.002%