Question
If the selling price of 26 items is equal to the cost
price of 32 items, determine the percentage of profit or loss. (Answer should be round off up to nearest integer)Solution
Let the cost price of 1 article be Rs. 'b'. Cost price of 32 articles = Rs. 32b So, selling price of 26 articles = Rs. 32b Or, selling price of 1 article = Rs. (32b/26) Profit earned = (32b/26) - b = Rs. (6b/26) Therefore, required profit percentage = [(6b/26) ÷ b] X 100 = (300/13) ~ 23%
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