Question
A man buys 15 identical articles for a total of ₹15.
If he sells each of them for ₹1.23, then his profit percentage is:Solution
To calculate the profit percentage, follow these steps: Cost Price (CP) per article: The total cost price for 15 articles is ₹15, so the cost price per article is: CP per article = 15/15 = ₹1 Selling Price (SP) per article: The selling price per article is given as ₹1.23. Profit per article: The profit per article is: Profit per article=SP − CP=1.23−1=₹0.23 Profit Percentage: The profit percentage is calculated as: 
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