The cost price of 40 Magazines is the same as the selling price of 'P' articles. If the profit is 25%, then the value of 'P' is:

32
40
16
30

Correct Answer: 32

Explanation:

Let C.P. of each Magazine be Rs. 1

C.P. of P articles = Rs. P.

S.P. of P articles = Rs. 40.

Profit = Rs. (40 - P)

Now, Gain% = $\frac{P r o f i t}{C . P} \times 100$ = $\frac{40 - P}{P} \times 100$

Here $\frac{40 - P}{P} \times 100$ = 25

-->P = 32.

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