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By selling 24 items, a shopkeeper earned a profit equal to the selling price of 4 items, then find the profit percentage ?
- a)10
- b)15
- c)20
- d)25
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
By selling 24 items, a shopkeeper earned a profit equal to the selling...
Let SP of 1 item = 10/-
SP of 24 items = 240/-
Profit = SP of 4 items = 40/-
CP = SP - profit = 240 - 40 = 200/-
Profit % = \frac{40}{200}\times 100 = 2020040×100=20%
So the answer is option C.
Most Upvoted Answer
By selling 24 items, a shopkeeper earned a profit equal to the selling...
To find the profit percentage, we need to determine the profit made by the shopkeeper and then calculate it as a percentage of the cost price.
Given:
Number of items sold = 24
Profit earned = Selling price of 4 items
Let's proceed step by step to calculate the profit percentage:
Step 1: Calculate the profit made by the shopkeeper
To calculate the profit, we need to find the cost price of 24 items. Since the profit earned is equal to the selling price of 4 items, we can say that the selling price of 24 items is 4 times the selling price of 4 items.
Let's assume the selling price of 4 items is x. Therefore, the selling price of 24 items will be 4x.
Step 2: Calculate the cost price
To find the cost price, we need to subtract the profit from the selling price. The profit is equal to the selling price of 4 items, which is 4x.
Cost price = Selling price - Profit
Cost price = 4x - 4x (profit earned)
Cost price = 0
Step 3: Calculate the profit percentage
Profit percentage = (Profit / Cost price) * 100
Since the cost price is 0, the profit percentage will be undefined or infinite. However, in practical terms, we can say that the profit percentage is very high since the shopkeeper earned a profit equal to the selling price of 4 items.
Hence, the answer is not available among the given options (a, b, c, d).
Given:
Number of items sold = 24
Profit earned = Selling price of 4 items
Let's proceed step by step to calculate the profit percentage:
Step 1: Calculate the profit made by the shopkeeper
To calculate the profit, we need to find the cost price of 24 items. Since the profit earned is equal to the selling price of 4 items, we can say that the selling price of 24 items is 4 times the selling price of 4 items.
Let's assume the selling price of 4 items is x. Therefore, the selling price of 24 items will be 4x.
Step 2: Calculate the cost price
To find the cost price, we need to subtract the profit from the selling price. The profit is equal to the selling price of 4 items, which is 4x.
Cost price = Selling price - Profit
Cost price = 4x - 4x (profit earned)
Cost price = 0
Step 3: Calculate the profit percentage
Profit percentage = (Profit / Cost price) * 100
Since the cost price is 0, the profit percentage will be undefined or infinite. However, in practical terms, we can say that the profit percentage is very high since the shopkeeper earned a profit equal to the selling price of 4 items.
Hence, the answer is not available among the given options (a, b, c, d).
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By selling 24 items, a shopkeeper earned a profit equal to the selling price of 4 items, then find the profit percentage ?a)10b)15c)20d)25Correct answer is option 'C'. Can you explain this answer?
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