The cost price of 6 pens is equal to the selling price of 4 pens. Find the profit percent.a.20%b.40%c.60%d.50%
Question
The cost price of 6 pens is equal to the selling price of 4 pens. Find the profit percent.a.20%b.40%c.60%d.50%
Solution
Let's solve this step by step:
Step 1: Let's assume the cost price of one pen is 6.
Step 2: According to the problem, the selling price of 4 pens is also 6/4 = $1.50.
Step 3: Now, we can calculate the profit by subtracting the cost price from the selling price. Profit = Selling price - Cost price = 1 = $0.50.
Step 4: The profit percentage is calculated by dividing the profit by the cost price and then multiplying the result by 100. Profit percent = (Profit / Cost price) * 100 = (1) * 100 = 50%.
So, the profit percentage is 50%, which corresponds to option d.
Similar Questions
If selling price of 12 pens is equal to the cost price of 18 pens,find the profit percent.40%33.3%50%25%
If the selling price of 40 pens is equal to cost price of 56 pens. Find the profit percentage.
A man buys 50 pens at marked price of 46 pens from a whole seller.If he sells these pens giving a discount of 1% ,what is the profit percent?5.3%7.6%10.6%12%
2. If the cost price of 25 pens is equal to the selling price of 20 pens, then the profit per cent is ?20% 25% 15% 5%
A man purchases 6 pens for $8 and sells 8 pens for $6. How much profit/loss does he make? Ops: A. 43.75% Loss B. 42.4% Loss C. 40.12% Profit D. 45.98% Profit
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.