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The selling price of 8 articles is same ...

The selling price of 8 articles is same as the cost price of 10 articles. What is profit %?

A

`25%`

B

`20%`

C

`22%`

D

`33%`

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 about the selling price and cost price of articles. ### Step-by-Step Solution: 1. **Understand the Relationship**: - The selling price (SP) of 8 articles is equal to the cost price (CP) of 10 articles. - This can be expressed as: \[ SP(8) = CP(10) \] 2. **Let’s Define Variables**: - Let the cost price of one article be \( CP \). - Therefore, the cost price of 10 articles is: \[ CP(10) = 10 \times CP \] - Let the selling price of one article be \( SP \). - Therefore, the selling price of 8 articles is: \[ SP(8) = 8 \times SP \] 3. **Set Up the Equation**: - From the relationship established, we can write: \[ 8 \times SP = 10 \times CP \] 4. **Express Selling Price in Terms of Cost Price**: - Rearranging the equation gives us: \[ SP = \frac{10 \times CP}{8} = \frac{5 \times CP}{4} \] 5. **Calculate Profit**: - Profit is defined as: \[ Profit = SP - CP \] - Substitute \( SP \) from the previous step: \[ Profit = \frac{5 \times CP}{4} - CP \] - To combine the terms, express \( CP \) as \( \frac{4 \times CP}{4} \): \[ Profit = \frac{5 \times CP}{4} - \frac{4 \times CP}{4} = \frac{1 \times CP}{4} \] 6. **Calculate Profit Percentage**: - Profit percentage is given by: \[ Profit \% = \left( \frac{Profit}{CP} \right) \times 100 \] - Substitute the profit: \[ Profit \% = \left( \frac{\frac{1 \times CP}{4}}{CP} \right) \times 100 = \left( \frac{1}{4} \right) \times 100 = 25\% \] ### Final Answer: The profit percentage is **25%**.
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