Knowee
Questions
Features
Study Tools

The selling price of 30 items is equal to the purchasing price of 25 items. What is the profit percent? 25% 20% 16.67% 20.33%

Question

The selling price of 30 items is equal to the purchasing price of 25 items. What is the profit percent?

  • 25%
  • 20%
  • 16.67%
  • 20.33%
🧐 Not the exact question you are looking for?Go ask a question

Solution

Let's solve this step by step:

Step 1: Let's assume the purchasing price of one item is 1.Therefore,thepurchasingpriceof25itemswouldbe1. Therefore, the purchasing price of 25 items would be 25.

Step 2: According to the problem, the selling price of 30 items is also 25.So,thesellingpriceofoneitemwouldbe25. So, the selling price of one item would be 25/30 = $0.8333.

Step 3: Now, we can calculate the profit for one item. The profit would be the selling price of one item minus the purchasing price of one item. So, the profit is 0.83330.8333 - 1 = -$0.1667.

Step 4: Since the profit is negative, there is actually a loss, not a profit. Therefore, none of the options provided are correct.

This problem has been solved

Similar Questions

e correct answerThe cost of 25 items is the same as the revenue by selling X items. Find X, if the profit made in the transaction is 25%?

A shopkeeper sold an article for Rs. 2500. If the cost price of the article is 2000, find the profit percent.23%25%27%29%

If profit as a percentage of the selling price is 18%, then what is the profit as a percentage of the cost price?21%21.95%22%22.5%

By what fraction the selling price must be multiplied to get the cost price, if gain is 25%?5454454514144

A seller marks up his goods by 30% and allows x% of discount. If he makes 10% profit, find the value of x (appx) ?

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.