Cost Price of 20 articles is equal to the
selling price & of 16 articles, what is the
percentage
profit that the merchants
makes?
Answers
Answer:
25%
Step-by-step explanation:
let each articles prices is 1 RS
cp=20
sp=16
gain=sp-cp
20-16=4
gain % = 4*100/16 =25%
Given :
- Cost Price of 20 articles is equal to the
- selling price & of 16 articles.
To find :
- The percentage profit that the merchants makes = ?
Step-by-step explanation :
Let the cost price of 1 article = 1 rupees.
So, the cost price of 20 articles = 20 rupees.
And it is given that Selling Price of 16 article = 25 rupees.
Therefore, Selling price of 16 articles,
(20/16) × 20
(20 × 20)/ 16
400/16
25.
Therefore, Selling Price of 16 articles, 25 rupees.
Now,
We have to find the profit percent,
As We know that,
Profit = Selling Price - Cost price.
Substituting the values in the above formula, we get,
= 25 - 20
= 5.
Therefore We got profit = 5 cm.
Now,
Profit percentage = (profit /cost price) × 100
Substituting the values in the above formula , we get,
= (5 × 20) × 100
= 50/2
= 25.
Therefore, the profit percentage = 25 %.