Mathematics
A man buys a certain number of articles at 15 for ₹ 112.50 and sells them at 12 for ₹ 108. Find :
(i) his gain as percent;
(ii) the number of articles sold to make a profit of ₹ 75.
Profit, Loss & Discount
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Answer
(i) C.P. of 15 articles = ₹ 112.50
C.P. of 1 article = ₹ = ₹ 7.5
S.P. of 12 articles = ₹ 108
S.P. of 1 article = ₹ = ₹ 9
(∵ S.P. is greater than C.P., means article is sold at a profit.)
Profit = S.P. - C.P.
= ₹ 9 - ₹ 7.5 = ₹ 1.5
Hence, the profit percent = .
(ii) Profit on 1 article = ₹ 1.5
Lets suppose articles are sold to make the profit of ₹ 75.
Profit on articles = ₹ 75
No. of articles x Profit on 1 article = Total Profit
Hence, 50 articles need to be sold to make a profit of ₹ 75.
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