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By selling an article of Rs 240,a man makes a profit of 20%. What is his C.P ? What would be his profit percent if he sold the article for Rs 275 ?
Most Upvoted Answer
By selling an article of Rs 240,a man makes a profit of 20%. What is h...
Given information:
- Selling price of the article = Rs 240
- Profit percentage = 20%
To find:
- Cost price (C.P) of the article
Since we know that the profit percentage is 20%, we can use the formula:
Profit = (Profit percentage/100) * C.P
We are given that the selling price is Rs 240 and the profit percentage is 20%. Let's substitute the values into the formula:
Profit = (20/100) * C.P
Profit = 0.2 * C.P
We also know that the selling price is the sum of the cost price and the profit:
Selling price = C.P + Profit
240 = C.P + 0.2 * C.P
240 = 1.2 * C.P
To find the cost price (C.P), we can divide both sides of the equation by 1.2:
C.P = 240/1.2
C.P = 200
Therefore, the cost price of the article is Rs 200.
To calculate the profit percentage for a selling price of Rs 275, we can use the formula:
Profit = Selling price - C.P
We know that the selling price is Rs 275 and the cost price is Rs 200. Let's substitute the values into the formula:
Profit = 275 - 200
Profit = 75
Now, we can calculate the profit percentage using the formula:
Profit percentage = (Profit/C.P) * 100
Profit percentage = (75/200) * 100
Profit percentage = 37.5%
Therefore, if the article is sold for Rs 275, the profit percentage would be 37.5%.
- Selling price of the article = Rs 240
- Profit percentage = 20%
To find:
- Cost price (C.P) of the article
Calculating C.P:
Since we know that the profit percentage is 20%, we can use the formula:
Profit = (Profit percentage/100) * C.P
We are given that the selling price is Rs 240 and the profit percentage is 20%. Let's substitute the values into the formula:
Profit = (20/100) * C.P
Profit = 0.2 * C.P
We also know that the selling price is the sum of the cost price and the profit:
Selling price = C.P + Profit
240 = C.P + 0.2 * C.P
240 = 1.2 * C.P
To find the cost price (C.P), we can divide both sides of the equation by 1.2:
C.P = 240/1.2
C.P = 200
Therefore, the cost price of the article is Rs 200.
Calculating profit percentage for selling price of Rs 275:
To calculate the profit percentage for a selling price of Rs 275, we can use the formula:
Profit = Selling price - C.P
We know that the selling price is Rs 275 and the cost price is Rs 200. Let's substitute the values into the formula:
Profit = 275 - 200
Profit = 75
Now, we can calculate the profit percentage using the formula:
Profit percentage = (Profit/C.P) * 100
Profit percentage = (75/200) * 100
Profit percentage = 37.5%
Therefore, if the article is sold for Rs 275, the profit percentage would be 37.5%.
Community Answer
By selling an article of Rs 240,a man makes a profit of 20%. What is h...
The CP would be 200 and the profit percent is 37.5
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By selling an article of Rs 240,a man makes a profit of 20%. What is his C.P ? What would be his profit percent if he sold the article for Rs 275 ?
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By selling an article of Rs 240,a man makes a profit of 20%. What is his C.P ? What would be his profit percent if he sold the article for Rs 275 ? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about By selling an article of Rs 240,a man makes a profit of 20%. What is his C.P ? What would be his profit percent if he sold the article for Rs 275 ? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for By selling an article of Rs 240,a man makes a profit of 20%. What is his C.P ? What would be his profit percent if he sold the article for Rs 275 ?.
By selling an article of Rs 240,a man makes a profit of 20%. What is his C.P ? What would be his profit percent if he sold the article for Rs 275 ? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about By selling an article of Rs 240,a man makes a profit of 20%. What is his C.P ? What would be his profit percent if he sold the article for Rs 275 ? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for By selling an article of Rs 240,a man makes a profit of 20%. What is his C.P ? What would be his profit percent if he sold the article for Rs 275 ?.
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