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Question 103
24 article were bought for Rs. 14880 and sold for Rs. 18480. What was the approximate profit percentage per article ?
Solution
Cost price of an article = $$\frac{14880}{24} = 620$$
Selling price of an article = $$\frac{18480}{24} = 770$$
Profit per article = 150
%Profit per article = $$\frac{150}{620} = 24.2$$
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