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 percent made.

• A. 12%
• B. 17%
• C. 25%
• D. 29%

Answer 1

Answer: (C)

25%

Cost price of $8$ articles $=Rs48$
=> Cost price of $1$ article $=Rs\frac{48}{8}=6$
And Cost price of $8$ articles $=Rs6\times 20=Rs120$

Selling price of $5$ articles $=Rs37.50$
=> Selling price of $1$ article $=Rs\frac{37.5}{5}=Rs7.5$
And Selling price of $20$ articles $=Rs7.5\times 20=Rs150$

Now, Profit % $=\frac{S.P.-C.P.}{C.P.}\times 100=\frac{150-120}{120}\times 100=\frac{30}{120}\times 100=25$ %