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17 articles were bought for ₹ 3,910 and sold for ₹ 4,590. How much was the approximate profit percentage per article?
  • a)
    17%
  • b)
    12%
  • c)
    9%
  • d)
    21%
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
17 articles were bought for ₹ 3,910 and sold for ₹ 4,590. How much wa...
Profit = 4590 - 3910
= Rs. 680
Profit percentage = 680/3910 x 100
= 17.39%
= 17% approximately.
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Most Upvoted Answer
17 articles were bought for ₹ 3,910 and sold for ₹ 4,590. How much wa...
Given Information:
- Number of articles bought = 17
- Cost price = ₹ 3,910
- Selling price = ₹ 4,590

Calculating Profit:
- Profit = Selling price - Cost price
- Profit = ₹ 4,590 - ₹ 3,910
- Profit = ₹ 680

Calculating Profit Percentage per Article:
- Profit per article = Total profit / Number of articles
- Profit per article = ₹ 680 / 17
- Profit per article = ₹ 40

Calculating Profit Percentage:
- Profit percentage = (Profit per article / Cost price per article) x 100
- Cost price per article = Cost price / Number of articles
- Cost price per article = ₹ 3,910 / 17
- Cost price per article = ₹ 230
- Profit percentage = (₹ 40 / ₹ 230) x 100
- Profit percentage ≈ 17.39%
Therefore, the approximate profit percentage per article is 17%, which is closest to option 'A'.
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17 articles were bought for ₹ 3,910 and sold for ₹ 4,590. How much was the approximate profit percentage per article?a)17%b)12%c)9%d)21%Correct answer is option 'A'. Can you explain this answer?
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