Question discussion

13 articles were bought for Rs.5,890 and sold for Rs. 6,656. What was the ??approximate?? profit percentage per article ?

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13 articles were bought for Rs.5,890 and sold for Rs. 6,656. What was the ??approximate?? profit percentage per article ?
  • A15%
  • B11%
  • C9%
  • D19%
Answer not set
0
CCommunity
Solution
Here, the profit for 1 article would be same as that for 13 articles.

Percent Profit = $\frac{Selling Price - Cost Price}{Cost Price}$ *100

Percent Profit = $\frac{6656 - 5890}{5890}$ *100

= 13

Hence, the correct option is option E.
0
CCommunity
Solution
Here, the profit for 1 article would be same as that for 13 articles.

Percent Profit = $\frac{Selling Price - Cost Price}{Cost Price}$ *100

Percent Profit = $\frac{6656 - 5890}{5890}$ *100

= 13

Hence, the correct option is option E.