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By selling 18 items, a shopkeeper earned a profit equal to the selling price of 3 items, then find the profit percentage ?
- a)15
- b)20
- c)25
- d)30
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
By selling 18 items, a shopkeeper earned a profit equal to the selling...
Let SP of 1 item = 10/-
SP of 18 items = 180/-
Profit = SP of 3 items = 30/-
CP = SP - profit = 180 - 30 = 150/-
Profit % =30/150 ×100=20%
Most Upvoted Answer
By selling 18 items, a shopkeeper earned a profit equal to the selling...
To find the profit percentage, we need to first calculate the profit made by the shopkeeper and then divide it by the cost price (CP) of the items.
Let's assume the cost price of each item is CP.
Profit made by selling 18 items = Selling price of 3 items
Profit = 3 * CP
Profit percentage = (Profit / CP) * 100
Let's solve the problem step by step.
Step 1: Given information
Profit made by selling 18 items = Selling price of 3 items
Step 2: Expressing profit in terms of cost price
Profit = 3 * CP
Step 3: Calculating profit percentage
Profit percentage = (Profit / CP) * 100
Profit percentage = (3CP / CP) * 100
Profit percentage = 300%
Therefore, the profit percentage is 300%.
But the given options for the answer are a) 15%, b) 20%, c) 25%, d) 30%.
Since none of the given options match the calculated profit percentage of 300%, the correct answer cannot be determined from the given options.
Let's assume the cost price of each item is CP.
Profit made by selling 18 items = Selling price of 3 items
Profit = 3 * CP
Profit percentage = (Profit / CP) * 100
Let's solve the problem step by step.
Step 1: Given information
Profit made by selling 18 items = Selling price of 3 items
Step 2: Expressing profit in terms of cost price
Profit = 3 * CP
Step 3: Calculating profit percentage
Profit percentage = (Profit / CP) * 100
Profit percentage = (3CP / CP) * 100
Profit percentage = 300%
Therefore, the profit percentage is 300%.
But the given options for the answer are a) 15%, b) 20%, c) 25%, d) 30%.
Since none of the given options match the calculated profit percentage of 300%, the correct answer cannot be determined from the given options.
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By selling 18 items, a shopkeeper earned a profit equal to the selling price of 3 items, then find the profit percentage ?a)15b)20c)25d)30Correct answer is option 'B'. Can you explain this answer?
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