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Question

Twenty identical articles are bought at 8 for Rs. 48 and all of them are sold at 5 for Rs. 37.50. Find the profit per cent made.

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Solution

C.P. of 8 article = Rs. 48.

C.P.of 1 article = 488= Rs. 6
C.P. of 20 article=20×6= Rs. 120
S.P of 5 article = Rs. 37.50
S.P. of 1 article = 37.505= Rs. 7.50
S.P. of 20 article = 20×7.50= Rs. 150
Profit = S.P C.P
150120= Rs. 30
Profit Percentage = 30120×100=25 %

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