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A shopkeeper purchases an article for Rs. 3,550 and spends Rs. 50 on it for its repair. If he then sold the article for Rs. 3,816, the percent of profit is
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- 6%
- 6.08%
- 7.38%
- 7.49%
Correct Option: A
Given that , A shopkeeper spends money for repair = Rs. 50
Actual C.P. of article = Rs. (3550 + 50) = Rs. 3600
Selling price of article = Rs. 3816
Gain = Selling price of article - Actual C.P. of article = 3816 – 3600 = Rs. 216
| ∴ Gain percent = | × 100 % | Actual C.P. of article |
| Gain percent = | × 100 = 6% | 3600 |
