SSC CGL Exam > SSC CGL Questions > A man makes a profit of 20% on the sale by se...
Start Learning for Free
A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 is
- a)20
- b)24
- c)25
- d)30
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
A man makes a profit of 20% on the sale by selling 20 articles for Rs....
Understanding the Problem
To determine how many articles the man bought for Rs. 1, we need to analyze the profit he made from selling his articles.
Profit Calculation
- The man sells 20 articles for Rs. 1.
- He makes a profit of 20% on this sale.
Cost Price (CP) and Selling Price (SP)
- Let's denote the Cost Price (CP) of *one article* as x.
- Therefore, the Selling Price (SP) of one article can be calculated as follows:
SP = CP + Profit
Since he makes a profit of 20%, we can express this as:
SP = CP + 0.2 * CP = 1.2 * CP
Calculating Total Selling Price
- Since he sells 20 articles for Rs. 1, the Selling Price (SP) of these 20 articles is Rs. 1.
Thus, the Selling Price per article is:
SP (per article) = 1 / 20 = Rs. 0.05
Setting Up the Equation
- Now we have the SP as Rs. 0.05:
1.2 * CP = 0.05
From this we can find the Cost Price (CP):
CP = 0.05 / 1.2 = Rs. 0.04167 (approximately)
Calculating the Number of Articles Bought
- If the man bought *a* articles for Rs. 1, then:
a * CP = 1
Substituting CP:
a * 0.04167 = 1
a = 1 / 0.04167 ≈ 24
Conclusion
The man bought approximately 24 articles for Rs. 1, making option 'B' the correct answer.
To determine how many articles the man bought for Rs. 1, we need to analyze the profit he made from selling his articles.
Profit Calculation
- The man sells 20 articles for Rs. 1.
- He makes a profit of 20% on this sale.
Cost Price (CP) and Selling Price (SP)
- Let's denote the Cost Price (CP) of *one article* as x.
- Therefore, the Selling Price (SP) of one article can be calculated as follows:
SP = CP + Profit
Since he makes a profit of 20%, we can express this as:
SP = CP + 0.2 * CP = 1.2 * CP
Calculating Total Selling Price
- Since he sells 20 articles for Rs. 1, the Selling Price (SP) of these 20 articles is Rs. 1.
Thus, the Selling Price per article is:
SP (per article) = 1 / 20 = Rs. 0.05
Setting Up the Equation
- Now we have the SP as Rs. 0.05:
1.2 * CP = 0.05
From this we can find the Cost Price (CP):
CP = 0.05 / 1.2 = Rs. 0.04167 (approximately)
Calculating the Number of Articles Bought
- If the man bought *a* articles for Rs. 1, then:
a * CP = 1
Substituting CP:
a * 0.04167 = 1
a = 1 / 0.04167 ≈ 24
Conclusion
The man bought approximately 24 articles for Rs. 1, making option 'B' the correct answer.
Attention SSC CGL Students!
To make sure you are not studying endlessly, EduRev has designed SSC CGL study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in SSC CGL.
|
Explore Courses for SSC CGL exam
|
|
Top Courses for SSC CGLView all
A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer?
Question Description
A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer?.
A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer?.
Solutions for A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for SSC CGL.
Download more important topics, notes, lectures and mock test series for SSC CGL Exam by signing up for free.
Here you can find the meaning of A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A man makes a profit of 20% on the sale by selling 20 articles for Rs. 1. The number of articles he bought by Rs. 1 isa)20b)24c)25d)30Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice SSC CGL tests.
|
|
Explore Courses for SSC CGL exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup