A man buys 10 articles for ₹ 8 and sells them at the rate of ₹ 1.25 per article. His profit is · ABC26GN2606
Subject: General Aptitude · Chapter: Profit and Loss
A man buys 10 articles for ₹ 8 and sells them at the rate of ₹ 1.25 per article. His profit is
(a)$19 \frac{1}{2} \%$
(b)20\%
(c)50\%
(d)$56 \frac{1}{4} \%$
Answer
Explanation
C.P. of 10 articles $=₹ 8$. S.P. of 10 articles $=₹(1.25 \times 10)=₹ 12.5$. Profit $=₹(12.5-8)=₹ 4.50$. ∴ Profit $\%=\left(\frac{4.5}{8} \times 100\right) \%=56 \frac{1}{4} \%$.
Explanation as extracted from the printed page; notation may be imperfect.
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