Difficulty: Easy
Correct Answer: 10 per cent profit
Explanation:
Introduction:
When the selling price at a known profit percentage is given for a single unit, you can recover the unit cost price. Scaling to multiple units and comparing the total selling price with the total cost price yields the overall percentage outcome.
Given Data / Assumptions:
Concept / Approach:
If SP = 200 corresponds to 25% profit, then CP per unit = SP / 1.25. Multiply by 6 to get total CP for six units and compare with the given total SP to find the net percentage.
Step-by-Step Solution:
Unit CP = 200 / 1.25 = 160Total CP for 6 units = 6 * 160 = 960Total SP for 6 units = 1056Net profit = 1056 - 960 = 96Profit% = 96 / 960 * 100 = 10%
Verification / Alternative check:
Compute average SP per unit from the group sale: 1056 / 6 = 176. Since CP is 160, unit margin = 16, which is 10% of 160. This reconfirms the overall 10% profit.
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
10 per cent profit
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