On selling 17 articles, a trader gains the cost price of 3 articles. What is his profit percentage?
Show answer & explanation
Correct answer: B
Explanation
Given:
Profit on selling 17 items = equal to the cost price of 3 items
Let the cost price of 1 item = ₹1
Total cost price of 17 items = 17
Profit = 3
Profit % = (3 / 17) × 100 = 17.65%