8 articles were purhased for rupees 1200 what is the profit percent per article if each was sold for rupees 155
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Step-by-step explanation:
FIRST WE HAVE TO FIND THE COST OF EACH ARTICLE THAT IS
TOTAL COST / NO.OF ARTICLES
1200/8 = 150
PROFIT = SP-CP
PROFIT = 155-150
PROFIT = 5
PROFIT PERCENT = 100*PROFIT/CP
PROFIT PERCENT = 100*5/150
PROFIT PERCENT = 100*1/30
PROFIT PERCENT = 10/3 = 3.3
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