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Select the correct answerThe cost of 25 items is the same as the revenue by selling X items. Find X, if the profit made in the transaction is 25%?Options25203216.67

Question

Select the correct answerThe cost of 25 items is the same as the revenue by selling X items. Find X, if the profit made in the transaction is 25%?Options25203216.67

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Solution

The problem is a basic profit calculation problem. Here are the steps to solve it:

Step 1: Understand the problem. The cost of 25 items is the same as the revenue from selling X items. The profit made in the transaction is 25%.

Step 2: Set up the equation. Since profit is the difference between revenue and cost, and in this case, the profit is 25% of the cost, we can set up the following equation:

Cost = Revenue - Profit Cost = Revenue - 0.25*Cost

Step 3: Substitute the given values into the equation. We know that the cost of 25 items is the same as the revenue from selling X items. So, we can substitute these values into the equation:

25 = X - 0.25*25

Step 4: Solve for X. To do this, first solve the equation on the right:

25 = X - 6.25

Then, add 6.25 to both sides to isolate X:

X = 25 + 6.25 X = 31.25

However, since we can't sell a fraction of an item, we need to round up to the nearest whole number. So, X = 32.

Therefore, the correct answer is 32.

This problem has been solved

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