Knowee
Questions
Features
Study Tools

By selling two articles for ₹800, a person gains the cost price of three articles. The profit percent is?Options125150140120

Question

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

Options:

  • 125
  • 150
  • 140
  • 120
🧐 Not the exact question you are looking for?Go ask a question

Solution

To solve this problem, we need to follow these steps:

  1. Let's assume the cost price of one article is x. So, the cost price of two articles would be 2x and the cost price of three articles would be 3x.

  2. According to the problem, by selling two articles for ₹800, a person gains the cost price of three articles. This means the selling price of two articles (₹800) is equal to the cost price of three articles plus the cost price of two articles. So, we can write this as: 800 = 3x + 2x.

  3. Simplifying the above equation gives us: 800 = 5x.

  4. Solving for x (the cost price of one article) gives us: x = 800 / 5 = ₹160.

  5. So, the cost price of two articles is 2x = 2 * 160 = ₹320.

  6. The profit made by selling two articles is the selling price of two articles minus the cost price of two articles, which is 800 - 320 = ₹480.

  7. The profit percent is calculated as (Profit / Cost price) * 100. So, the profit percent in this case is (480 / 320) * 100 = 150%.

So, the profit percent is 150%.

This problem has been solved

Similar Questions

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

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

On selling 100 Articles  a trader makes a profit equal to the S.P of 50 articles. Find his gain %. Options :50200100none

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 %

Kriti sells an article for Rs 800. If she made a profit of20% on the selling price of the article, find her actual profit %.22%20%15%25%

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.