JIPMAT 2024 (QA) - By selling two articles for ₹ 800 , a person gains the cost price of three articles. The profit percent is : | PYQs + Solutions | AfterBoards
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JIPMAT 2024

Arithmetic
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Profit & Loss

Medium

By selling two articles for ₹ 800 , a person gains the cost price of three articles. The profit percent is :

Correct Option: 4
1) Given:\newlineSP of 2 articles = ₹800\newlineThis SP equals CP of 3 articles\newlineSo, CP of 3 articles = ₹800\newlineTherefore, CP of 1 article = ₹8003\frac{800}{3} = ₹266.67266.67
2) For 2 articles:\newlineCP = 2 × ₹266.67266.67 = ₹533.33533.33\newlineSP = ₹800
3) Profit = SP - CP\newline= ₹800 - ₹533.33533.33\newline= ₹266.67266.67
4) Profit percentage = ProfitCP×100\frac{\text{Profit}}{\text{CP}} × 100
= 266.67533.33×100\frac{266.67}{533.33} × 100
= 50%50\%\newline= 150%150\%
Therefore, the profit percentage is 150%150\%.
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