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Question 119
13 articles were bought for Rs.5,890 and sold for Rs. 6,656. What was the ‘’approximate’’ profit percentage per article ?
Solution
Here, the profit for 1 article would be same as that for 13 articles.
Percent Profit = $$\frac{Selling Price - Cost Price}{Cost Price}$$ *100
Percent Profit = $$\frac{6656 - 5890}{5890}$$ *100
= 13
Hence, the correct option is option E.
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