a shopkeeper sold an article for rs.3450 and gained 1/6th of the selling price. What is the profit percent ?
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Answer:
Cost price of the article = Rs. 3,450.
(i) Marked price = Cost Price + % marked above cost price
= Rs. 3,450+10016×3,450
= Rs. 4,002
(ii) Price paid by the customer = Marked Price + Tax charged
= Rs. 4,002+10010×4,002
= Rs. 4,402.20
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