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If the selling price of 20 articles is the same as the cost price of 23 articles, find the profit percent.
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- 15%
- 16%
- 8%
- 12%
Correct Option: A
Let the, SP of 20 articles be x.
| then, SP of 1 articles = | 20 |
Also the cost price of 23 articles = x
| Then, CP of 1 article = | 23 |
Profit = SP – CP
| Profit = | - | = | | = | | 20 | 23 | 460 | 460 |
| Profit % = | × 100 | CP |
| Profit % |  |
| Profit % = | × | × 100 = 15% | 460 | x |
