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Profit and Loss

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  1. If the cost price of 20 articles is equal to the selling price of 15 articles, find the profit per cent.
    1. 331/2 %
    2. 331/3 %
    3. 331/5 %
    4. 331/7 %
    5. None of the above
Correct Option: B

Given that, a = 20 and b = 15
According to the formula,
Profit %= [(a - b) / b] x 100 %
= (5/15) x 100% = 100/3 %
= 331/3%


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