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An article was sold for Rs.2500 at a pro...

An article was sold for Rs.2500 at a profit of 25%. What was the amount of profit?

A

Rs. 1000

B

Rs. 500

C

Rs. 250

D

Rs. 2000

Text Solution

AI Generated Solution

The correct Answer is:
To find the amount of profit when an article is sold for Rs. 2500 at a profit of 25%, we can follow these steps: ### Step 1: Understand the relationship between Selling Price, Cost Price, and Profit Percentage The selling price (SP) is given as Rs. 2500, and the profit percentage is 25%. The profit percentage is calculated based on the cost price (CP). ### Step 2: Set up the equation for Selling Price The relationship can be expressed as: \[ SP = CP + Profit \] Where Profit can also be expressed in terms of Cost Price: \[ Profit = \frac{Profit\%}{100} \times CP \] Thus, we can rewrite the Selling Price as: \[ SP = CP + \left(\frac{Profit\%}{100} \times CP\right) \] This simplifies to: \[ SP = CP \left(1 + \frac{Profit\%}{100}\right) \] ### Step 3: Substitute the known values into the equation Substituting the values we have: \[ 2500 = CP \left(1 + \frac{25}{100}\right) \] This simplifies to: \[ 2500 = CP \left(1 + 0.25\right) \] \[ 2500 = CP \times 1.25 \] ### Step 4: Solve for Cost Price (CP) To find CP, we can rearrange the equation: \[ CP = \frac{2500}{1.25} \] Calculating this gives: \[ CP = 2000 \] ### Step 5: Calculate the Profit Now that we have the cost price, we can calculate the profit: \[ Profit = SP - CP \] Substituting the values: \[ Profit = 2500 - 2000 \] \[ Profit = 500 \] ### Conclusion The amount of profit is Rs. 500. ---
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