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If an article is sold at 1/2 of the tota...

If an article is sold at `1/2` of the total selling price, the loss is 12.5%. Find his profit percentage.

A

0.75

B

0.65

C

0.5

D

0.6

Text Solution

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The correct Answer is:
To solve the problem step by step, we will follow the logic presented in the video transcript while ensuring clarity in each step. ### Step-by-Step Solution: 1. **Understanding the Selling Price**: Let the total selling price be \( SP \). According to the problem, the article is sold at half of the total selling price. Therefore, we can express this as: \[ \text{Selling Price (SP)} = \frac{1}{2} SP = \frac{1}{2} x \] where \( x \) is the total selling price. 2. **Loss Calculation**: We know that there is a loss of 12.5%. This can be expressed in fraction form as: \[ \text{Loss} = \frac{12.5}{100} = \frac{1}{8} \] If the cost price (CP) is represented as \( CP \), then the selling price after a loss can be calculated as: \[ SP = CP - \text{Loss} \] Thus, we can express the selling price in terms of cost price: \[ SP = CP - \frac{1}{8} CP = \frac{7}{8} CP \] 3. **Setting Up the Equation**: From our earlier expressions, we have: \[ \frac{1}{2} x = \frac{7}{8} CP \] To find \( CP \), we can rearrange this equation: \[ CP = \frac{8}{7} \cdot \frac{1}{2} x = \frac{4}{7} x \] 4. **Finding the Total Selling Price**: We also know that the total selling price \( x \) can be expressed in terms of \( CP \): \[ SP = x \] Therefore, we can substitute \( CP \) back into our equation: \[ x = \frac{7}{8} CP \] By substituting \( CP = \frac{4}{7} x \) into this equation, we can find \( x \). 5. **Calculating the Profit**: Now, we can calculate the profit: \[ \text{Profit} = SP - CP = x - \frac{4}{7} x = \frac{3}{7} x \] 6. **Profit Percentage**: The profit percentage can be calculated using the formula: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{CP} \right) \times 100 \] Substituting the values we have: \[ \text{Profit Percentage} = \left( \frac{\frac{3}{7} x}{\frac{4}{7} x} \right) \times 100 = \left( \frac{3}{4} \right) \times 100 = 75\% \] ### Final Answer: The profit percentage is **75%**.
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