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A person sells 320 mangoes at the cost o...

A person sells 320 mangoes at the cost of 400 mangoes. What is his profit per cent ?

A

`10%`

B

`15%`

C

`20%`

D

`25%`

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The correct Answer is:
To find the profit percent when a person sells 320 mangoes at the cost of 400 mangoes, we can follow these steps: ### Step 1: Understand the Cost Price (CP) and Selling Price (SP) Let the cost price of one mango be \( X \) rupees. Therefore, the cost price of 400 mangoes will be: \[ \text{CP of 400 mangoes} = 400 \times X = 400X \text{ rupees} \] ### Step 2: Calculate the Selling Price (SP) According to the problem, the selling price of 320 mangoes is equal to the cost price of 400 mangoes. Therefore: \[ \text{SP of 320 mangoes} = 400X \text{ rupees} \] ### Step 3: Calculate the Cost Price of 320 Mangoes The cost price of 320 mangoes is: \[ \text{CP of 320 mangoes} = 320 \times X = 320X \text{ rupees} \] ### Step 4: Calculate the Profit Profit can be calculated using the formula: \[ \text{Profit} = \text{SP} - \text{CP} \] Substituting the values we have: \[ \text{Profit} = 400X - 320X = 80X \text{ rupees} \] ### Step 5: Calculate the Profit Percent Profit percent is calculated using the formula: \[ \text{Profit Percent} = \left( \frac{\text{Profit}}{\text{CP}} \right) \times 100 \] Substituting the values: \[ \text{Profit Percent} = \left( \frac{80X}{320X} \right) \times 100 \] The \( X \) cancels out: \[ \text{Profit Percent} = \left( \frac{80}{320} \right) \times 100 \] Simplifying \( \frac{80}{320} \): \[ \frac{80}{320} = \frac{1}{4} \] So, \[ \text{Profit Percent} = \left( \frac{1}{4} \right) \times 100 = 25\% \] ### Final Answer The profit percent is **25%**.
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S CHAND IIT JEE FOUNDATION-PROFIT AND LOSS AND DISCOUNT -SECTION - A (Question Bank - 11(a))
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