The profit earned on selling two articles is Rs. 80 less than the prof

1.	The profit earned on selling two articles is Rs. 80 less than the profit earned on selling three articles if 20% profit is earned on selling one article. What is the cost of an article?
Answer» Step-by-step EXPLANATION: This can be calculated 2 ways. If the PROFIT is 20% of revenue then the cost is Rs. 320 x=20% profit each 5x=sales price each [520%] 3x-2x=80 [The difference in profit is the constant value specified] Cost is (5–1)80 If the profit is 20% of cost of stock then the cost is Rs. 400 x=20% of cost x=80 [3x-2x=80] cost of stock=80*5 100%=400 Without DISAMBIGUATION, the correct ANSWER is Rs. 320 as the profit margin is used instead of the capital gain on the money invested in inventory.

The profit earned on selling two articles is Rs. 80 less than the profit earned on selling three articles if 20% profit is earned on selling one article. What is the cost of an article?

Answer»

Step-by-step EXPLANATION:

This can be calculated 2 ways.

If the PROFIT is 20% of revenue then the cost is Rs. 320

x=20% profit each

5x=sales price each [5*20%]

3x-2x=80 [The difference in profit is the constant value specified]

Cost is (5–1)*80

If the profit is 20% of cost of stock then the cost is Rs. 400

x=20% of cost

x=80 [3x-2x=80]

cost of stock=80*5

100%=400

Without DISAMBIGUATION, the correct ANSWER is Rs. 320 as the profit margin is used instead of the capital gain on the money invested in inventory.

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The profit earned on selling two articles is Rs. 80 less than the profit earned on selling three articles if 20% profit is earned on selling one article. What is the cost of an article?​

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The profit earned on selling two articles is Rs. 80 less than the profit earned on selling three articles if 20% profit is earned on selling one article. What is the cost of an article?