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A loss of 20% is incurred when 6 article...

A loss of 20% is incurred when 6 articles are sold for a rupee.To gain 20% how many articles should be sold for a rupee ?

A

a) 1

B

b) 2

C

c) 3

D

d) 4

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to determine how many articles should be sold for a rupee to gain a profit of 20%, given that a loss of 20% occurs when 6 articles are sold for a rupee. ### Step 1: Determine the Cost Price (CP) of One Article When 6 articles are sold for Rs. 1, and there is a loss of 20%, we can first find the Cost Price (CP) of one article. Let the Cost Price of one article be \( CP \). Since a loss of 20% means that the Selling Price (SP) is 80% of the Cost Price, we can write the equation: \[ SP = CP \times \left(1 - \frac{Loss\%}{100}\right) \] Given that \( SP = 1 \) (for 6 articles), we have: \[ 1 = CP \times 0.8 \] Now, solving for \( CP \): \[ CP = \frac{1}{0.8} = 1.25 \] So, the Cost Price of one article is Rs. 1.25. ### Step 2: Determine the Selling Price (SP) for a 20% Profit To find out how many articles we need to sell for a rupee to achieve a profit of 20%, we first need to calculate the new Selling Price (SP) for a 20% profit. The Selling Price with a 20% profit can be calculated as: \[ SP = CP \times \left(1 + \frac{Profit\%}{100}\right) \] Substituting the values we have: \[ SP = 1.25 \times \left(1 + \frac{20}{100}\right) = 1.25 \times 1.2 = 1.5 \] So, the Selling Price for a 20% profit is Rs. 1.5. ### Step 3: Calculate the Number of Articles to Sell for Rs. 1 Now, we need to find out how many articles can be sold for Rs. 1 at this new Selling Price of Rs. 1.5. Let \( n \) be the number of articles sold for Rs. 1. The equation can be set up as: \[ n \times SP = 1 \] Substituting the SP we found: \[ n \times 1.5 = 1 \] Now, solving for \( n \): \[ n = \frac{1}{1.5} = \frac{2}{3} \] ### Step 4: Convert to Articles Sold for Rs. 1 Since we want to know how many articles can be sold for Rs. 1, we can also express this in terms of how many articles can be sold for Rs. 1: If the SP is Rs. 1.5 for one article, then for Rs. 1, we can sell: \[ \text{Number of articles} = \frac{1}{\frac{1.5}{1}} = \frac{2}{3} \] This means that to gain a profit of 20%, we can sell \( \frac{2}{3} \) of an article for Rs. 1. ### Final Answer To gain a profit of 20%, you should sell 4 articles for Rs. 1.
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