NIFT UG 2015 Question Paper with solutions

Question : 70 of 150

Marks: +1, -0

If cost price of 24 articles is equal to the selling price of 16 articles, then the profit/loss percentage is

Solution:

Let, cost price of one article = x
and selling price of one article = y
From question,

24x=16y

3x=2y

y/x=3/2

Now,
Cost price of 16 article

=16x

Selling price of 16 article

=16y

\;\text"Profit"\;\%=(\;\;{16y-16x}/{16x})×100=(\;\;{y-x}/{x})×100

(\;\;{y}/{x}-1)×100=(\;\;{3}/{2}-1)×100=50\%\;\text"profit."\;

Go to Question:

Prev Question

Next Question