Question

What is the cost price of 20 articles is same as the selling price of X articles if the profit is 25% find the value of X and the answer is 16

Answer 1

Answer:

Now profit is 25%, so SP/CP = 125/100 which is 5/4. So from here 5/4 = 20/x , x = 16. The ratio of cost price and marked price of an article is 2:3 and ratio of percentage profit and percentage discount is 3:2.

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