AFCAT Model Paper 10

Given:
Cost price of 80 articles is equal to the selling price of 50 articles
Formula used :
Profit = Selling price – Cost Price
Profit percentage = (Selling price – Cost price) × 100/Cost Price
Profit percentage = (SP/CP – 1) × 100
Calculations :
80 × CP = 50 × SP
⇒

SP

CP

=

80

50

=

8

5

Profit percentage =(

SP

CP

–1)×100
⇒ Profit percentage =(

8

5

–1)×100 ⇒ Profit percentage =

3

5

×100
⇒ Profit percentage = 60%
∴ Profit percentage is 60%.