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 %
Question
By selling 20 articles a man earn a Profit of which is equal to selling price of 4 articles. Find his profit percent.
Options
- 20 %
- 25%
- 33.33%
- 16.66 %
Solution
The problem states that the profit from selling 20 articles is equal to the selling price of 4 articles. This means that the profit from selling 1 article is equal to the selling price of 4/20 = 0.2 articles.
The profit percent can be calculated using the formula:
Profit % = (Profit/Cost Price) * 100
Here, the profit is equal to the selling price of 0.2 articles and the cost price is equal to the selling price of 1 article (since the selling price of 1 article is 100% of its cost).
So, the profit percent is:
Profit % = (0.2/1) * 100 = 20%
Therefore, the profit percent is 20%.
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