Correct Answer - Option 3 : 16
Given:
Profit = 25%
C.P of 20 articles is equal to the S.P of x articles
Where, C.P = Cost price, S.P = Selling price
Formula used:
Profit% = [(S.P – C.P)/ C.P] × 100
Calculation:
C.P × 20 = S.P × x
S.P/C.P = 20/x
Profit % = [(20 – x)/x] × 100
⇒ 2000 – 100x = 25x
⇒ 125x = 2000
∴ The value of ‘x’ is 16.