If the selling price of 20 articles is the same as the cost price of 23 articles find the profit per...........

Quant (SSC) Profit and loss

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If the selling price of 20 articles is the same as the cost price of 23 articles, find the profit per cent.

15%

16%

12%

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Explanation:

If the cost price of x articles is equal to the selling price of y articles, then the profit percentage = x - y /y x 100%
x is the number of articles the cost price of which is given = 23
y is the number of articles the selling price of which is given = 20
By the short trick approach, we get
Profit per cent = 23 - 20 /20 x 100
= 3 /20 x 100 = 15%