A merchant marks his goods up in such a way that the profit made on selling 30 articles is equal to ...
A merchant marks his goods up in such a way that the profit made on selling 30 articles is equal to the cost price of 20 articles. What is the % Q profit made by the merchant?
Answer/Solution
66.67 %
Steps/Work
C.P of 1 article= $30(say)
C.P of 20 articles=30*20=$600
Now, C.P of 20 articles=Profit on 30 articles
Therefore, profit on 1 article=$600/30=$20
Profit Q%=(20/30)*100=66.67%
Answer A
C.P of 20 articles=30*20=$600
Now, C.P of 20 articles=Profit on 30 articles
Therefore, profit on 1 article=$600/30=$20
Profit Q%=(20/30)*100=66.67%
Answer A