Question

If the selling price of 20 articles is the same as the cost price of 23 articles, then the profit percentage is

• A. 10%
• B. 15%
• C. 17%
• D. 20%

Answer 1

Answer: (B)

15%

Let the cost price of 1 article be Rs100

Cost price of 20 articles will be Rs2000

Cost of 23 articles will be2300

Given that selling price of 20 articles will be same as cost price of 23 articles

Profit on 20 articles will be=(2300-2000)=Rs300

Gain percant will be$=\frac{Gain}{Costprice}\times 100$

$=\frac{300}{2000}\times 100=15$

Gain will be 15%