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Q · Profit and lossMedium · 45s
Mithilesh makes 750 articles at a cost of 60 paise per article. He fixes the selling price such that if only 600 articles are sold, he would have made a profit of 40% on the outlay. However, 120 articles got spoiled and he was able to sell 630 articles at this price. Find his actual profit percent as the percentage of total outlay assuming that the unsold articles are useless.
TopicProfit and loss
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.25
Test Duration30 min
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Final Answer: Option C — 47%