Question

What is the profit %if the cost price of 16 bolts is equat to the selling price of12 bolts

Answer 1

Answer:

33.33%

Step-by-step explanation:

Profit percent = profit / cost price * 100

Let the C.P of 1 bolt be x and the S.P be y

So, accd to the question,

16x = 12y

x/y = 3/4

So now we can assume C.P and S.P as 3a and 4a respectively as the ratio is 3:4.

So profit percent will be,

Profit = 4a - 3a

P % = a/3a * 100

= 33.33 %