GMAT
Exam
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if the cost price of 12 articles is equal to the selling price of 10 articles then the profit percent is
Read Solution (Total 3)
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- given,12cp=10sp
=>6cp=5sp
=>sp=6cp/5
profit percent=((sp-cp)/cp)*100
=((6cp/5 -cp)/cp)*100
=(6/5 -1)*100
=100/5=20% - 8 years agoHelpfull: Yes(0) No(0)
- 12cp=10sp
Sp=1.2cp
Profit=sp-cp=1.2cp-cp=0.2cp
Profit%=(sp-cp)/cp×100=20% - 7 years agoHelpfull: Yes(0) No(0)
- This can be done in a simple way.
As it is given CP of 12 = SP of 10 that means profit.( price of 12 can be owned just by selling 10 )
(SP )10 = (CP)10+(CP)2
So profit is (CP)2
And we know profit is calculated on cost price therefore
((CP)2/(CP)10 )×100 =20%. - 7 years agoHelpfull: Yes(0) No(0)
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