The cost price of 13 articles is equal to the selling price of 11 articles.…
2023
The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent?
Attempted by 95 students.
Show answer & explanation
Solution:
Let the cost price (CP) of one article be x.
Given: cost price of 13 articles = selling price of 11 articles, so selling price (SP) per article = (13/11)·x.
Profit per article = SP − CP = (13/11)x − x = (2/11)x.
Profit percent = (profit/CP) × 100 = ( (2/11)x / x ) × 100 = 200/11.
Answer: 200/11% = 18 2/11%.