Multiple choice

A person purchased 16 articles for \$10 and sold them at the rate of 10 articles for \$16. What is the profit percent?

  1. 60%

  2. 160%

  3. 56%

  4. 156%

  5. 40%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost price of 1 article = 10/16 = 0.625. Selling price of 1 article = 16/10 = 1.6. Profit = 1.6 - 0.625 = 0.975. Profit % = (0.975 / 0.625) * 100 = 156%.

AI explanation

Calculate the cost price of one article by dividing \$10 by 16, which is \$0.625, and the selling price of one article by dividing \$16 by 10, which is \$1.60. The profit per article is 1.60 minus 0.625, equaling $0.975. Apply the profit percentage formula: (Profit divided by Cost Price) multiplied by 100, resulting in (0.975 divided by 0.625) multiplied by 100, which equals 156%.

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