25 articles were bought for ₹8,625 and sold for ₹12,675. Find the approximate profit percentage per article.
Show answer & explanation
Correct answer: D
Explanation
The Correct answer is option 4 i.e. 47%
Given that
C.P. of 25 articles = ₹8,625
C.P.of 1 article = 8625/25 = ₹ 345 and
S.P. of 25 articles = ₹12,675
S.P. of 1 article = 12675/25 = ₹ 507
Profit = S.P. - C.P. = 507 - 345 = ₹162
Formula used
Profit% = (Profit/C.P) × 100
= (162/345) × 100 = 46.95 ≈ 47%