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If the selling price of 7 article is equal to the...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
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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)?

Answer & Solution
Correct Answer: Option D
Selling price of 7 article is equal to cost price of 8 article
7 × Selling price = 8 × Cost price
$$\left. {\frac{{{\text{Cost price}}}}{{{\text{Selling price}}}} = \frac{7}{8}} \right\rangle + 1$$
Profit = 8 - 7 = 1
Profit % $$ = \frac{1}{7} \times 100 = 14.28\% \sim 14.3\% $$
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