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Question
The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is
Options
₹ 15
₹ 16
₹ 18
₹ 25
MCQ
Solution
₹ 16
Explanation :
Given,
CP of 20 articles = SP of x articles.
∴ `(CP)/(SP)= x/20`
Also, Profit % = 25%
Then, 25 = `(20-x)/(x)xx100`
⇒ 25x = 2000 – 100x
⇒ 125x = 2000
⇒ x = 16.
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Profit and Loss (Entrance Exam)
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