A man buys 10 identical articles for a total of ₹15. If he sells each of them for ₹1.7, then his profit percentage will be ______%'(rounded off to two decimal place).
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 13.33.
Cost price of 10 articles = ₹15
Cost price of 1 article = 15/10 = ₹1.5
Selling price of 1 article = ₹1.7
Profit per article = ₹1.7 - ₹1.5 = ₹0.2
Profit percentage = (Profit/Cost price) × 100 = (0.2/1.5) × 100 = 13.333...% = 13.33% (approx)
So, his profit percentage will be 13.33%.