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If the cost price of an article is € 200...

If the cost price of an article is € 200 and selling price of the same article is ₹ 225. Find the profit %.

A

`15%`

B

`12.5%`

C

`25%`

D

`16%`

Text Solution

AI Generated Solution

The correct Answer is:
To find the profit percentage when the cost price (CP) and selling price (SP) of an article are given, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Cost Price and Selling Price**: - Cost Price (CP) = €200 - Selling Price (SP) = ₹225 2. **Calculate the Profit**: - Profit = Selling Price - Cost Price - Profit = SP - CP = ₹225 - €200 3. **Convert the Cost Price to the Same Currency** (if necessary): - Since the currencies are different (Euro and Indian Rupee), we need to convert one of them to the other for accurate calculation. - Assuming the conversion rate is not provided, we will proceed with the calculation using the values as they are. 4. **Calculate the Profit Percentage**: - Profit Percentage = (Profit / Cost Price) × 100 - Substitute the values: - Profit Percentage = [(₹225 - €200) / €200] × 100 5. **Perform the Calculation**: - First, calculate the profit: - Profit = ₹225 - €200 = ₹25 (assuming €200 is equivalent to ₹200 for this calculation) - Now, calculate the profit percentage: - Profit Percentage = (₹25 / ₹200) × 100 - Profit Percentage = 0.125 × 100 = 12.5% ### Final Answer: The profit percentage is **12.5%**.
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