Question

Cost Cost price of 8 articles is1200 each, selling price 1400 each.​

Answer 1

Answer:

CP of 1 articles = 1200

CP of 8 articles

$= 1200 \times 8 \\ = 9600$

SP of 1 article = 1400

SP of 8 articles

$= 1400 \times 8 \\ = 11200$

Profit

$= 11200 - 9600 \\ = 1600$

∴ Profit = 1600

Profit%

$= (\frac{1600}{9600} \times 100)\% \\ = ( \frac{16}{96} \times 100)\% \\ = ( \frac{1}{6} \times 100)\% \\ = \frac{50}{3} \% \\ = 16 \frac{2}{3} \%$

∴ Profit%

$= 16 \frac{2}{3}$