By selling 25 articles, a person gets the profit equal to selling price of 5 articles. Find profit percent.
Answer & explanation
Correct answer: option 2
Profit = S.P. - C.P.
ATQ,
⇒ S.P. of 5 = S.P. of 25 - C.P. of 25
⇒ C.P. of 25 = S.P. of 20
⇒ C.P. of 5 = S.P. of 4
⇒ C.P. : S.P. = 4 : 5
Profit = 1R
Profit percent = \(\frac{1}{4}\) × 100 = 25%