Profit and Loss Practice Test 4

Question : 19 of 40

Marks: +1, -0

Thirteen articles were bought for Rs 5.980 and sold for Rs 6,656. How much was the approximate profit percentage per article?

Solution:

CP of 13 articles = Rs 5,980
CP of 1 article =

5980 /13

= Rs 460
SP of 13 articles = Rs 6,656
SP of 13 articles =

6656/13

= Rs 512
Profit per cent per article

= {SP -CP}/{CP}× 100

= {512- 460} /460 =11.3%

or 11%

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