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The cost of 25 itmes is the same as the ...

The cost of 25 itmes is the same as the revenue earned by selling x items. Find x, if the profit made in the transaction is 25%

A

0.25

B

0.1667

C

0.2

D

32

Text Solution

AI Generated Solution

The correct Answer is:
To find the value of \( x \), we can follow these steps: ### Step 1: Understand the given information We know that the cost of 25 items is the same as the revenue earned by selling \( x \) items, and the profit made in the transaction is 25%. ### Step 2: Define the Cost Price (CP) Let the cost price of one item be \( CP \). Therefore, the total cost price for 25 items is: \[ \text{Total CP} = 25 \times CP \] ### Step 3: Define the Selling Price (SP) Since the profit is 25%, the selling price (SP) can be calculated as: \[ SP = CP + \text{Profit} \] The profit is 25% of the cost price, which can be expressed as: \[ \text{Profit} = 0.25 \times \text{Total CP} = 0.25 \times (25 \times CP) = 6.25 \times CP \] Thus, the selling price for 25 items is: \[ SP = 25 \times CP + 6.25 \times CP = 31.25 \times CP \] ### Step 4: Relate Selling Price to Revenue The revenue earned by selling \( x \) items is equal to the selling price of those \( x \) items: \[ \text{Revenue} = x \times SP_{\text{per item}} = x \times (CP + 0.25 \times CP) = x \times 1.25 \times CP \] ### Step 5: Set up the equation Since the total revenue from selling \( x \) items is equal to the total cost of 25 items, we can set up the equation: \[ x \times 1.25 \times CP = 25 \times CP \] ### Step 6: Cancel out CP Assuming \( CP \neq 0 \), we can divide both sides by \( CP \): \[ x \times 1.25 = 25 \] ### Step 7: Solve for \( x \) Now, we can solve for \( x \): \[ x = \frac{25}{1.25} = 20 \] ### Conclusion The value of \( x \) is \( 20 \). ---
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