Given:
The cost price of 20 articles is equal to the selling price of 15 articles.
The profit percent = ?
Formula used
Profit% = ((A - B)/B)× 100
Calculation
Where, A = 20 and B = 15
Profit% = (5/15)× 100 = 33(1/3)%
∴ The profit% is 33\(\frac{1}{3}\)%.
According to the question:
⇒ 20 CP = 15 SP
⇒ CP/SP = 15/20
Profit = 20 - 15 = 5
Profit% = 5/15× 100 =33\(\frac{1}{3}\)%
∴The profit% is33\(\frac{1}{3}\)%.