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Select the correct answerBy selling two articles for ₹800, a person gains the cost price of three articles. The profit percent is?Options125150140120

Question

Select the correct answerBy selling two articles for ₹800, a person gains the cost price of three articles. The profit percent is?Options125150140120

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Solution

To solve this problem, we need to first understand the given information and then apply the formula for profit percentage.

Step 1: Understand the given information The person sells two articles for ₹800 and gains the cost price of three articles. This means that the selling price of two articles is equal to the cost price of five articles (because he gains the cost price of three articles in addition to the cost price of the two articles he sold).

Step 2: Find the cost price of one article If the selling price of two articles is ₹800, and this is equal to the cost price of five articles, then the cost price of one article is ₹800 / 5 = ₹160.

Step 3: Find the selling price of one article Since the person sells two articles for ₹800, the selling price of one article is ₹800 / 2 = ₹400.

Step 4: Calculate the profit The profit is the selling price minus the cost price, so the profit for one article is ₹400 - ₹160 = ₹240.

Step 5: Calculate the profit percentage The profit percentage is (profit / cost price) * 100, so the profit percentage is (₹240 / ₹160) * 100 = 150%.

So, the correct answer is 150.

This problem has been solved

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