The cost price of 6 pens is equal to the selling price of 4 pens. Find the profit percent.a.20%b.40%c.60%d.50%
Question
The cost price of 6 pens is equal to the selling price of 4 pens. Find the profit percent.
a. 20%
b. 40%
c. 60%
d. 50%
Solution
Let's solve this step by step:
Step 1: Let's assume the cost price of one pen is 6.
Step 2: According to the problem, the selling price of 4 pens is also 6/4 = $1.50.
Step 3: Now, we can calculate the profit by subtracting the cost price from the selling price. Profit = Selling price - Cost price = 1 = $0.50.
Step 4: The profit percentage is calculated by dividing the profit by the cost price and then multiplying the result by 100. Profit percent = (Profit / Cost price) * 100 = (1) * 100 = 50%.
So, the profit percentage is 50%, which corresponds to option d.
Similar Questions
If selling price of 12 pens is equal to the cost price of 18 pens,find the profit percent.40%33.3%50%25%
A man buys 50 pens at marked price of 46 pens from a whole seller.If he sells these pens giving a discount of 1% ,what is the profit percent?5.3%7.6%10.6%12%
2. If the cost price of 25 pens is equal to the selling price of 20 pens, then the profit per cent is ?20% 25% 15% 5%
The c.p of 10 pens is equal to s.p of 12 pens.Find his gain% or loss%.A33.24% profitB20% profit
A shop man bought pens at the rate of 7 for 10 and sold them at a profit of 40%. How many pens would a customer get for 10 ?Options3465
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.