If the selling price of 7 article is equal to the cost price of 8 articles, then what is the profit percentage (correct to one decimal place)?
A. 15.4%
B. 13.9%
C. 11.7%
D. 14.3%
Answer: Option D
Solution (By Examveda Team)
Selling price of 7 article is equal to cost price of 8 article7 × Selling price = 8 × Cost price
$$\left. {\frac{{{\text{Cost price}}}}{{{\text{Selling price}}}} = \frac{7}{8}} \right\rangle + 1$$
Profit = 8 - 7 = 1
Profit % $$ = \frac{1}{7} \times 100 = 14.28\% \sim 14.3\% $$
This Question Belongs to Arithmetic Ability >> Profit And Loss
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