Multiple choice

If the cost price of 120 articles is equal to the selling price of 80 articles, find the profit percent.

  1. 33.33%

  2. 40%

  3. 50%

  4. 60%

  5. Na
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

120 * CP = 80 * SP. So SP/CP = 120/80 = 3/2 = 1.5. Profit = 1.5 - 1 = 0.5, which is 50%.

AI explanation

Let the cost price of one article be Rs. 1, making the cost price of 120 articles equal to Rs. 120. The selling price of 80 articles is also Rs. 120, so the selling price of one article is 120 divided by 80, which is Rs. 1.50. Using the profit percentage formula, profit percent equals (profit divided by cost price) multiplied by 100, giving (0.50 divided by 1) multiplied by 100, which results in a 50% profit.

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