Question
Easy

A person bought 6 articles for Rs. 5 and sold 5 articles for Rs. 6. The profit percentage is :

1
20%
2
30%
3
40%
4
44%
Question Details
Time to Solve: 12
Exam: HTET
Level/Paper: Level 2
Chapter: Finance
Topic: Profit & Loss
Correct Answer
Option D
Explanation

To determine the profit percentage, we need to calculate the cost price (CP) and selling price (SP) for a single article and then find the profit percentage based on these values. 1. Cost Price Calculation: - A person buys 6 articles for Rs. 5. - Therefore, the cost price of 1 article = Total cost / Number of articles = Rs. 5 / 6 = Rs. 5/6 per article. 2.…Read More