Question
Download Solution PDFThe table given below shows the cost price and value of profit of 6 articles.
Articles | Cost price | Profit |
D | 700 | 200 |
E | 600 | 150 |
F | 400 | 300 |
G | 500 | 400 |
H | 300 | 250 |
I | 800 | 350 |
Which of the following statement is NOT correct?
I. The profit of D, E and F is 30.63 percent of the cost price of G, H and I.
II. The ratio of total cost price to the total profit is 1 ∶ 2.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCalculation:
Total cost price of articles D, E, and F = 700 + 600 + 400 = 1700
Total cost price of articles G, H, and I = 500 + 300 + 800 = 1600
Total profit of articles D, E, and F = 200 + 150 + 300 = 650
Total profit of articles G, H, and I = 400 + 250 + 350 = 1000
Statement I: The profit of D, E and F is 30.63 percent of the cost price of G, H and I.
Profit of D, E and F = 200 + 150 + 300 = 650
Cost price of G, H, and I = 500 + 300 + 800 = 1600
The percentage is (650/1600) × 100 = 40.625%
So, this statement is incorrect.
Statement II: The ratio of total cost price to the total profit is 1 ∶ 2.
Total cost price = 1700 + 1600 = 3300
Total profit = 650 + 1000 = 1650
The ratio of total cost price to the total profit is 3300 : 1650 = 2 : 1
So, this statement is also incorrect.
Therefore, both statements are incorrect.
Last updated on May 28, 2025
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