A shopkeeper by selling 21 Nike shoes, earns a profit equal to the selling price of 5 Nike shoes. His profit percentage is
Let cost price of a shoe = $$Rs. x$$
Selling price of a shoe = $$Rs. y$$
=> Selling price of 5 shoes = $$Rs. 5y$$
According to ques, => $$21(y - x) = 5y$$
=> $$21y - 21x = 5y$$
=> $$16y = 21x$$
=> $$\frac{x}{y} = \frac{16}{21}$$
Let Cost price, $$x = 16$$ and selling price, $$y = 21$$
$$\therefore$$ Profit % = $$\frac{y - x}{x} \times 100$$
= $$\frac{21 - 16}{16} \times 100$$
= $$\frac{125}{4} = 31.25\%$$
=> Ans - (A)
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