📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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:
    A 23% Correct Answer Incorrect Answer
    B 8% Correct Answer Incorrect Answer
    C 50% Correct Answer Incorrect Answer
    D 32% Correct Answer Incorrect Answer

    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:

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question