Question 93
By selling 15 items, a seller recovers the cost price of 20 items. Then his profit percent is
Solution
Solution
A/q
20 C.P. = 15 S.P.
15 C.P. + 5 C.P. = 15 S.P.
5 C.P. = 15 S.P. - 15 C.P.
C.P = $$\frac{15}{5}$$ (S.P. - C.P.) = 3 (S.P. - C.P.)
C.P = 3 (S.P. - C.P.)
$$\frac{1}{3}$$ = $$\frac{(S.P. - C.P.)}{CP}$$ = Fractional Profit
Profit percentage = Fractional Profit x 100 = $$\frac{100}{3}$$ %
=33$$\frac{1}{3}$$ % Answer
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