Selling price of 9 articles is equal to the cost price of 15 articles. In this transaction there is profit of 66 2/3%. Is the following statement true or false
Solution:
Let the cost price (CP) of one article = x
Therefore cost price of 15 articles = 15x
Selling price(SP) of 9 articles = 15x
Cost Price of 9 articles is = 9x
The profit on selling 9 articles is
SP of 9 articles - CP of 9 articles = 15x - 9x = 6x
Profit % = (6x/9x) × 100
= (2/3) × 100
= 66 ⅔%
Hence the statement is True.
✦ Try This: Selling price of 12 articles is equal to the cost price of 18 articles. In this transaction there is profit of _______%
Profit % = (18x - 12x)/12x × 100
= (6x/12x) × 100
= 50%
☛ Also Check: NCERT Solutions for Class 8 Maths Chapter 8
NCERT Exemplar Class 8 Maths Chapter 9 Problem 57
Selling price of 9 articles is equal to the cost price of 15 articles. In this transaction there is profit of 66 2/3%. Is the following statement true or false
Summary:
“Selling price of 9 articles is equal to the cost price of 15 articles. In this transaction there is profit of 66 2/3%” is a true statement
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