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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?Options150120125140

Question

Select the correct answerBy selling two articles for ₹800, a person gains the cost price of three articles. The profit percent is?Options150120125140

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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.

Given: The selling price of two articles is ₹800. The profit from this sale is equal to the cost price of three articles.

Let's assume the cost price of one article is x.

So, the cost price of three articles is 3x.

Since the profit is equal to the cost price of three articles, we can say that the profit is also 3x.

The total cost price of two articles is 2x.

Given that the selling price of two articles is ₹800, we can write the equation as follows:

Cost Price (2x) + Profit (3x) = Selling Price (₹800)

5x = ₹800

Solving for x, we get the cost price of one article:

x = ₹800 / 5 = ₹160

Now, we can calculate the profit percentage using the formula:

Profit % = (Profit / Cost Price) * 100

Profit % = (3x / 2x) * 100

Profit % = (3 / 2) * 100 = 150%

So, the correct answer is 150.

This problem has been solved

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