The cost price of 27 articles is same as the selling price of 18 articles. What is the profit percent?
- A40%
- B50%
- C30%
- D25%
Solution & Step-by-step Explanation
Let the cost price of 1 article be CP and the selling price of 1 article be SP.
According to the question:
27×CP=18×SP
Rearranging the terms to find the ratio of SP to CP:
CP
SP
=
18
27
=
2
3
This means if CP=2, then SP=3.
Profit=SP−CP=3−2=1
Profit Percent=(
CP
Profit
)×100%
Profit Percent=(
2
1
)×100%=50%
According to the question:
27×CP=18×SP
Rearranging the terms to find the ratio of SP to CP:
CP
SP
=
18
27
=
2
3
This means if CP=2, then SP=3.
Profit=SP−CP=3−2=1
Profit Percent=(
CP
Profit
)×100%
Profit Percent=(
2
1
)×100%=50%