The cost price of 60 articles is same as the selling price of x articles. If there is a profit of 20%, then what is the value of x?a)15b)30c)50d)80Correct answer is option 'C'. Can you explain this answer?

Question

Answer

Given Information:
- Cost price of 60 articles = Selling price of x articles
- Profit margin = 20%

Calculating the Cost Price and Selling Price:
Let's assume the cost price of each article is $1.

Cost price of 60 articles = 60 * $1 = $60
Selling price of x articles = x * $1

Given that the selling price is equal to the cost price + profit, we can calculate the selling price as:
Selling price of x articles = Cost price of x articles + Profit
x * $1 = $60 + 20% of $60
x * $1 = $60 + $12
x = $72 / $1
x = 72

Therefore, the selling price of 72 articles is equal to the cost price of 60 articles.

Finding the Value of x:
As we have calculated, x = 72.

So, the value of x is 72, which means the selling price of 72 articles is equal to the cost price of 60 articles.

Therefore, the correct answer is option C) 50.

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