The selling price of y items is equal to the cost price of 540 items. If the profit made is 44%, then find the value of y.
- A380
- B400
- C360
- D375
Solution & Step-by-step Explanation
Given relation:
y×SP=540×CP
CP
SP
=
y
540
We know that:
CP
SP
=1+
100
Profit %
=1+
100
44
=1.44=
100
144
=
25
36
Equating the two expressions for
CP
SP
:
y
540
=
25
36
y=
36
540×25
y=15×25=375
y×SP=540×CP
CP
SP
=
y
540
We know that:
CP
SP
=1+
100
Profit %
=1+
100
44
=1.44=
100
144
=
25
36
Equating the two expressions for
CP
SP
:
y
540
=
25
36
y=
36
540×25
y=15×25=375