The profit earned after selling an article for Rs 8,579 is the same as the loss incurred after selling the article for Rs 6,341. The profit percentage is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 15%.
Let the profit be = Rs.y
According to the question;
Cost Price 1 = Cost Price 2
(Selling Price 1 - y) = (y + Selling Price 2)
⇒ (8579 - 6341) = 2y
⇒ 2238/2 = y
⇒ Profit = Rs.1119
Now, the cost price = (8579 - 1119) = Rs.7460
Profit percentage = 1119/7460 × 100 = 15 %