The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent ?
The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent ?
A. 15 5/15%
B. 18 2/11 %
C. 6 2/3%
D. 30%
Answer : B. 18 2/11 %
Explanation:
Given :
Cost Price = 13 and Selling Price = 11
According to the formula,
Profit % = ( (C.P - S.P / S.P) * 100 ) %
Profit % = ( (13 - 11 / 11) * 100 ) %
= ( (2 / 11) * 100 ) %
= 18 2/11 %