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Question

A man buys an article for Rs. 27.50 and sells it for Rs 28.60. What is his profit percentage?

A
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C
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D
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Solution

The correct option is D
We have C.P. = Rs 27.50
S.P. = Rs. 28.60
Gain = 28.60 - 27.50 = Rs 1.10
Profit percentage =1.1027.50×100=4%

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