60 % of cost price of an article is equal to 50 % of its selling price. Then percentage of profit or

English

Gujarati

Hindi

7.Profit and Loss

medium

$60 \%$ of the cost price of an article is equal to $50 \%$ of its selling price. Then the percentage of profit or loss on the cost price is

A

$20 \%$ loss

B

$16 \frac{2}{3} \%$ profit

C

$20 \%$ profit

D

$10 \%$ loss

Solution

Let, the $C.P.$ of article be $₹ 100$ and its $S.P.$ be $₹ x$

Now, according to the question,

$100 \times \frac{60}{100}=\frac{x \times 50}{100}$

$\Rightarrow 60=\frac{x}{2} \Rightarrow x=120$

$\therefore \quad \operatorname{Gain} \%=20 \%$

Standard 13

Quantitative Aptitude

Share

Similar Questions

A shopkeeper purchased $245$ pieces of an article at $Rs$. $30$ per piece. He spent $Rs.$ $980$ on transport and $Rs.$ $1470$ on packing the articles. He sold the articles at the rate of $Rs.$ $50$ per piece. What is the percent profit earned?

medium

If an item is sold for $Rs.\, 924$ then there is a profit of $10 \%$ then what is the cost price in $\%$?

medium

By selling an article for $Rs.\,144,$ a person gained such that the percentage gain equals the cost price of the The cost price of the article is (in $Rs.$)

easy

If the cost price of $20$ articles is equal to the selling price of $15$ articles, find the profit percent?

hard

$APD$ printed $3000$ copies of 'Career Power' at a cost of $Rs.$ $240000 .$ It gave $500$ copies free to different philanthropic institutions. It allowed a discount of $25 \%$ on the published price and gave one copy free for every $25$ copies bought at a time. It was able to sell all the copies in this manner. If the published price is $Rs.$ $325,$ then what is its overall gain or loss percentage in the whole transaction?

hard