The cost price of 35 articles is the same as the selling price of N articles. If the profit earned is…
Since the cost price (CP) of 35 articles equals the selling price (SP) of N articles, SP / CP = 35 / N. Given a profit of 40%, SP = 1.40 × CP, so 35 / N = 1.40, which gives…
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The cost price of 35 articles is the same as the selling price of N articles. If the profit earned is 40%, the value of N is:
Answer and explanation
Correct answer C
Since the cost price (CP) of 35 articles equals the selling price (SP) of N articles, SP / CP = 35 / N. Given a profit of 40%, SP = 1.40 × CP, so 35 / N = 1.40, which gives N = 35 / 1.40 = 25.
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