The cost price of 5 mangoes is equal to the selling price of 2 mangoes. Find the profit percent?
Answers
Step-by-step explanation:
Given :-
The Cost Price of 5 mangoes is equal to the Selling Price of 2 mangoes
To find :-
The Profit Percentage.
Solution:-
Let the selling price of one mango be Rs.X
Then the selling price of 2 mangoes
= Rs. 2X
The cost Price of 5 mangoes = Rs. 2X
=> Cost Price of 1 mango = Rs. 2X/5
We know that
Profit = Selling Price - Cost Price
=> Profit = X-(2X/5)
=> Profit = (5X-2X)/5
=> Profit = 3X/5
Therefore, Profit = Rs. 3X/5
We know that
Profit % = (Profit / Cost Price)×100
=> Profit % ° [(3X/5)/(2X/5)]×100
=> Profit % = (3X/2X)×100
=> Profit % = (3/2)×100
=> Profit % = 300/2
=> Profit % = 150%
Therefore, Profit % = 150%
Alternative Method :-
Alternative Method :-If the CP of M articles is equal to the SP of N articles then Profit %
= [ (M-N)/N ]×100
We have,
M = 5
N = 2
Profit % = [(5-2)/2]×100
=> Profit % = (3/2)×100
=> Profit % = 300/2
=> Profit % = 150%
Therefore, Profit % = 150%
Answer :-
The Profit Percentage is 150%
Used formulae:-
→ If the CP of M articles is equal to the SP of N articles then Profit %
= [ (M-N)/N ]×100
→ Profit = Selling Price - Cost Price
→ Profit % = (Profit / Cost Price)×100
We have given that The Cost price of 5 mangoes is equal to the Selling price of 2 mangoes. And we have been asked to find the Profit Percent.
Let, the Selling price of 1 mango be
Then, The Selling price of 2 mangoes would be =
We know that,
Cost Price of 5 mangoes =
Then, Cost Price of 1 mango would be = .
Profit Formula,
Profit Percent Formula,
Substituting values in Formula, we get,
Hence, the Profit Percent is 150 %.