Multiple choice

Selling price of 25 article is equal to cost price of 30 article, what is the profit percent obtained?

  1. 25%

  2. 20%

  3. 30%

  4. 10%

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

25 * SP = 30 * CP. SP/CP = 30/25 = 6/5. Profit = (6-5)/5 = 1/5 = 20%.

AI explanation

Using the profit percentage formula, profit percent equals (selling price minus cost price) divided by cost price times 100. Let the cost price of one article be 1, making the cost price of 25 articles 25 and the selling price of 25 articles equal to the cost price of 30 articles, which is 30. The profit is 30 minus 25, equaling 5. Substituting these values into the formula gives 5 divided by 25 times 100, yielding a profit of 20 percent.

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