By selling 44 articles, shop keeper gains the selling price of 11 articles. What is percentage of profit
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Answer:
The percentage of profit is 33.33%.
Step-by-step explanation:
Given : By selling 44 articles, shop keeper gains the selling price of 11 articles.
To find : What is percentage of profit?
Solution :
We know that,
Selling price = Cost price + Profit
SP(44 article) = CP(44 article) + P
We have given that profit of selling price of 11 article.
i.e P=SP(11 article)
Substituting in equation above,
SP(44 article) = CP(44 article) + SP(11 article)
CP(44 article)=SP(33 article)
Profit percentage is
Therefore, The percentage of profit is 33.33%.
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