Given:
By selling 60 pens a man gains profit equal selling price of 12 pens
Formula Used:
Profit Percentage =
SP=CP+ Profit
Solution:
Let selling price of one pen be Re 1
Then selling price of 60pens will be Rs 60
Profit is selling price of 12 pens = Rs12
And cost price of 60 will be = Selling price - profit
= 60-12= Rs48
Profit percentage = ×100= 25%
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The cost price of article A is ₹ 500 more than the cost price of article B. Article A is sold at a loss of 10% and B is sold at a profit of 20%. If there is a profit of ₹200 in the entire transaction, then the cost price of article A is :
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An article was sold at ₹600, making a profit of 20%. The cost price of the article was
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