Question

cost price of 8 article is 1200 each selling price 1400 each​

Answer 1

Answer:

The profit earned is 16.67%.

Step-by-step explanation:

The cost price of 1 article is, Rs. 1200.

Then the CP of 8 articles is, Rs. 1200 × 8 = Rs. 9600

The selling price of 1 article is, Rs. 1400.

Then the SP of 8 articles is, Rs. 1400 × 8 = Rs. 11200.

Compute the profit earned as follows:

Profit = SP - CP

         = 11200 - 9600

         = 1600

Compute the profit percent as follows:

$Profit\%=\frac{Profit}{CP}\times 100=\frac{1600}{9600}\times 100=16.67\%$

Thus, the profit earned is 16.67%.