Home
Class 14
MATHS
If a person sells 80% of the number of t...

If a person sells 80% of the number of toys for an amount with which he purchased all the toys, then what is his profit percentage?

A

20

B

22.5

C

25

D

40

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to determine the profit percentage based on the information given. Let's break it down step by step. ### Step 1: Define Variables Let: - \( C \) = Total cost price of all the toys - \( N \) = Total number of toys - \( S \) = Selling price of 80% of the toys ### Step 2: Calculate Selling Price According to the problem, the person sells 80% of the toys for an amount equal to the total cost price of all the toys. Therefore: - Selling price of 80% of the toys, \( S = C \) ### Step 3: Calculate Cost Price of Sold Toys The number of toys sold is 80% of \( N \): - Number of toys sold = \( 0.8N \) The cost price of the toys sold (80% of the total toys) is: - Cost price of 80% of the toys = \( 0.8 \times C \) ### Step 4: Determine Profit or Loss Profit or loss is calculated as: - Profit = Selling Price - Cost Price - Profit = \( S - \text{Cost Price of 80% of toys} \) - Profit = \( C - 0.8C = 0.2C \) ### Step 5: Calculate Profit Percentage Profit percentage is calculated using the formula: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 \] Substituting the values: \[ \text{Profit Percentage} = \left( \frac{0.2C}{0.8C} \right) \times 100 \] \[ \text{Profit Percentage} = \left( \frac{0.2}{0.8} \right) \times 100 = 25\% \] ### Final Answer The profit percentage is **25%**. ---
Promotional Banner

Similar Questions

Explore conceptually related problems

If the cost price is 80% of the selling price,what is the profit per cent?

If a merchant estimates his profits as 20% of the selling price,what is his real profit percentage

Bala sells a car at 5% profit for ₹ 210000. If he sells it at ₹ 218000, then what will be his profit percentage ?

Bala sells a car at 5% profit for Rs.210000. If he sells it at Rs.218000, then what will be his profit percentage

A Vendor sells his articles at a certain profit percentage. If he sells his articles at 1//3 of his actual selling price, then he incurs a loss of 40% . What is his actual profit percentage?

By selling an item for ₹ 75, a person would get that percentage of profit as much as the purchase price of that item. What is the purchase price of the article?

A man gains 80% by selling an article for a certain price. If he sells it at half the price, then what will be the loss percentage?