Q:
Cost Price of 22 articles is same as the Selling Price of 18 articles, find the profit percentage?
Answer & Explanation
Answer: B) 22.22%
Explanation: Let the cost price of 1 article = Rs. 1
From the given data,
Then, the selling price of 1 article = 22/18 = 11/9
Then, Profit = SP - CP = 11/9 - 1 = 2/9
Required, profit % = Profit/CP x 100
= [(2/9)/1] x 100
= 200/9
= 22.222%.
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