Knowee
Questions
Features
Study Tools

12 articles were sold at the cost price of 15 articles .  Find the Profit % Options :30%20%25%none

Question

12 articles were sold at the cost price of 15 articles. Find the Profit %

Options:

  • 30%
  • 20%
  • 25%
  • none
🧐 Not the exact question you are looking for?Go ask a question

Solution

The problem states that 12 articles were sold at the cost price of 15 articles. This means that the selling price of 12 articles is the same as the cost price of 15 articles.

Step 1: Let's assume the cost price of 1 article is 1.Therefore,thecostpriceof15articlesis1. Therefore, the cost price of 15 articles is 15.

Step 2: The selling price of 12 articles is also 15(aspertheproblem).Therefore,thesellingpriceof1articleis15 (as per the problem). Therefore, the selling price of 1 article is 15/12 = $1.25.

Step 3: The profit for 1 article is the selling price minus the cost price, which is 1.251.25 - 1 = $0.25.

Step 4: The profit percentage is calculated as (Profit/Cost Price) * 100. So, the profit percentage is (0.25/0.25/1) * 100 = 25%.

So, the profit percentage is 25%.

This problem has been solved

Similar Questions

The cost price of 18 articles is equal to the selling price of 15 articles. The gain percent is?Options15%25%18%20%

If the ratio of cost price and selling price of an article be 10 : 11, the percentage of profit isOptions101141213

Select the correct answerA merchant buys an article for 27 and sells it at a profit of 10%. The selling price of the article is?Options3029.73732

By selling 20 articles a man earn a Profit of which is equal to selling price of 4 articles. Find his profit percent.Options20 %25%33.33%16.66 %

Select the correct answerBy selling two articles for ₹800, a person gains the cost price of three articles. The profit percent is?Options120125150140

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.