Multiple choice

If the total selling price of 24 manufacturing units is exactly equal to the internal cost price of 30 units, what is the percentage profit or loss generated in this structural transaction?

  1. 20% loss

  2. 20% profit

  3. 25% profit

  4. 25% loss

  5. 16.66% profit
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP be cost price of one unit. 24 * SP = 30 * CP. SP = 30/24 * CP = 1.25 * CP. Profit = 25%.

AI explanation

Let the cost price of one unit be 1. The cost price of 30 units is 30. The selling price of 24 units equals 30, meaning the selling price of one unit is 30/24, or 1.25. The profit per unit is 1.25 - 1 = 0.25. Using the profit percentage formula, (Profit / Cost Price) * 100 gives (0.25 / 1) * 100, resulting in a 25% profit.

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