Cost price of 24 articles is selling price of 16 articles. How many more articles can be bought with the profit obtained from selling these articles.
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How many more articles can be bought with the profit obtained from selling these articles.
The options are
a) 12
b) 24
c) 36
d) 6
Explanation:
The correct answer is 12. (option a)
Solution:
Let the cost price of one article be X
⇒ The cost price of 24 articles = 24 × X
Given,
The selling price of 16 articles = cost price of 24 articles
Hence, selling price of one article = (24 / 16) X
= 1.5X
Profit on one article = Selling price – cost price
= 1.5X – X
= 0.5X
Profit on 24 articles = 24 × 0.5X
= 12X.
Therefore, 12 articles can be bought with the profit obtained on selling 24 articles.
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