Question
Download Solution PDFThe selling price of 84 items is equal to the cost price of 105 items. What is the percentage of profit gained in the transaction?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Selling price (SP) of 84 items = Cost price (CP) of 105 items
Formula Used:
Percentage Profit =
Profit = SP - CP
Calculation:
Let the cost price of each item be C .
Total Cost Price (CP) of 105 items = 105C
Total Selling Price (SP) of 84 items = 105C
Cost Price (CP) of 84 items = 84C
Profit = SP - CP
⇒ Profit = 105C - 84C
⇒ Profit = 21C
Percentage Profit =
⇒ Percentage Profit =
⇒ Percentage Profit =
⇒ Percentage Profit =
⇒ Percentage Profit = 25%
The percentage of profit gained in the transaction is 25%.
Last updated on Jul 15, 2025
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