Multiple choice

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.

  1. 12%

  2. 17%

  3. 25%

  4. 29%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost price of 1 article = 48/8 = 6. Selling price of 1 article = 37.50/5 = 7.5. Profit = 7.5 - 6 = 1.5. Profit % = (1.5 / 6) * 100 = 25%.

AI explanation

The cost price of one article is Rs. 48 divided by 8, which equals Rs. 6. The selling price of one article is Rs. 37.50 divided by 5, which equals Rs. 7.50. Using the profit percentage formula, the profit of Rs. 1.50 on a base cost of Rs. 6 gives a profit of 25%.

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