if sp of 10 articles is same as cp of 16 articles find profit percentage
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Solution :-
Let the SP of 10 articles be x
So SP of one article = x/10
Given
SP of 10 article = CP of 16 articles
So CP of 16 article = x
CP of one article = x/16
In this transaction x/10 > x/16 i.e SP > CP
So the given transaction is a Profit
Profit = SP - CP
= x/10 - x/16
= (8x - 5x)/80
Profit = 3x/80
Therefore profit % is 60 %.
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