By selling two articles, each for ₹270, a shopkeeper gains the cost price of one article. The cost price of one article and the profit percentage, respectively, are:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. ₹180 and 50%.
Let CP of one article = x
Total SP for two articles = 270 × 2 = 540
Profit = 540 - 2x = x
⇒ 3x = 540
⇒ x = 180
CP per article = 180
Profit per article = 270 - 180 = 90
Profit percentage = (90/180) × 100 = 50%