The profit earned on selling two articles is Rs. 80 less than the profit earned on selling three articles if 20% profit is earned on selling one article. What is the cost of an article?
Answers
Answered by
1
Step-by-step explanation:
This can be calculated 2 ways.
If the profit is 20% of revenue then the cost is Rs. 320
x=20% profit each
5x=sales price each [5*20%]
3x-2x=80 [The difference in profit is the constant value specified]
Cost is (5–1)*80
If the profit is 20% of cost of stock then the cost is Rs. 400
x=20% of cost
x=80 [3x-2x=80]
cost of stock=80*5
100%=400
Without disambiguation, the correct answer is Rs. 320 as the profit margin is used instead of the capital gain on the money invested in inventory.
Answered by
0
Answer:
400
Step-by-step explanation:
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