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If cost price of 80 article is equal to ...

If cost price of 80 article is equal to the selling price of 50 articles, then what will be the profit percentage?

A

`25%`

B

`40%`

C

`60%`

D

`37.5%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the profit percentage given that the cost price of 80 articles is equal to the selling price of 50 articles. ### Step-by-Step Solution: 1. **Define Variables**: Let the cost price (CP) of one article be \( x \) and the selling price (SP) of one article be \( y \). 2. **Set Up the Equation**: According to the problem, the cost price of 80 articles is equal to the selling price of 50 articles. This can be expressed mathematically as: \[ 80x = 50y \] 3. **Rearrange the Equation**: To find the ratio of selling price to cost price, we can rearrange the equation: \[ \frac{y}{x} = \frac{80}{50} \] Simplifying the right side: \[ \frac{y}{x} = \frac{8}{5} \] 4. **Express Selling Price in Terms of Cost Price**: From the ratio, we can express the selling price in terms of cost price: \[ y = \frac{8}{5}x \] 5. **Calculate Profit**: Profit is defined as: \[ \text{Profit} = \text{SP} - \text{CP} = y - x \] Substituting \( y \): \[ \text{Profit} = \frac{8}{5}x - x = \frac{8}{5}x - \frac{5}{5}x = \frac{3}{5}x \] 6. **Calculate Profit Percentage**: The profit percentage is calculated using the formula: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{\text{CP}}\right) \times 100 \] Substituting the values: \[ \text{Profit Percentage} = \left(\frac{\frac{3}{5}x}{x}\right) \times 100 = \left(\frac{3}{5}\right) \times 100 \] Simplifying: \[ \text{Profit Percentage} = 60\% \] ### Final Answer: The profit percentage is **60%**.
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