Question
Download Solution PDFThe cost price of 20 articles is equal to the selling price of 16 articles. Find the profit percentage.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost Price (CP) of 20 articles = Selling Price (SP) of 16 articles
Formula used:
Profit Percentage = \(\frac{Profit}{CP} \times 100\)
Profit = SP - CP
Calculation:
Let the cost price of each article be ₹1.
⇒ CP of 20 articles = ₹20
⇒ SP of 16 articles = ₹20
⇒ SP of 1 article = \(\frac{20}{16} = 1.25\)
⇒ SP of 20 articles = \(20 \times 1.25 = 25\)
⇒ Profit = SP - CP = \(25 - 20 = 5\)
⇒ Profit Percentage = \(\frac{5}{20} \times 100 = 25\%\)
∴ The correct answer is option (4).
Last updated on Jul 16, 2025
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