Question

the cost price of an article is 1200 and selling price is 7/5times of it's cost price . Find 1.selling price of an article. 2.profit or loss percent​

Answer 1

Answer:

Profit%=5/15×100= 33.33%

Step-by-step explanation:

The question can be solved using various methods but the easiest one would be assumption.

Let us assume that cost price of one items is Re1

Cost price of 15 items= Rs15

Selling price of 15 items = cost price of 20 items = Rs 20

Now, SP>CP

Thus there will be profit

Profit=20–15= 5

Profit%=5/15×100= 33.33%

I hope this helps,:)