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The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent?

Correct answer: B. 18 2/11%

  • A. 15 5/15%
  • B. 18 2/11%
  • C. 16 2/3%
  • D. 30%Quiz Mode Feature

Explanation

Let the selling price of one article be Rs.s. Since the cost price of 13 articles equals the selling price of 11 articles, the cost per article is Rs.11s/13. The gain per article is Rs.s - Rs.11s/13 = Rs.2s/13, and gain percentage is (2/11) x 100 = 18 2/11%. Students often choose 16 2/3% by using the difference of 2 articles over 13 instead of measuring gain against cost price.

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About Profit and Loss

Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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