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A shopkeeper purchased 6 articles for Rs. 1 and sold 3 articles for Rs. 1, what will be the profit or loss percentage of the shopkeeper?1. 50%2. 37.5%3. 75%4. 100% |
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Answer» Correct Answer - Option 4 : 100% Given: Cost price of 6 articles = Rs. 1 Selling Price of 3 articles = Rs. 1 Formula used: Profit = SP – CP Profit percentage = (P/CP) × 100 Here CP is cost price, SP is selling price and P is profit Calculation: CP of 1 article = Rs. 1/6 SP of 1 article = Rs. 1/3 Profit = SP – CP ⇒ Profit (P) = 1/3 – 1/6 = 1/6 Profit percentage = (P/CP) × 100 ⇒ P% = [(1/6)/(1/6)] × 100 ⇒ P% = 100% ∴ The shopkeeper will earn profit of 100% |
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