Multiple choice

In a particular transaction, the sale of 9 articles gives a profit equivalent to the cost price of 3 articles. What is the profit percentage?

  1. 12%

  2. 30%

  3. 33.33%

  4. 66.66%

  5. 40%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profit = SP - CP. Given 9(SP) - 9(CP) = 3(CP), so 9(SP) = 12(CP), meaning SP = (12/9)CP = (4/3)CP. Profit percentage = ((SP-CP)/CP) * 100 = (1/3) * 100 = 33.33%.

AI explanation

Let the cost price of one article be Rs. 1, making the total cost price for 9 articles equal to Rs. 9. The profit earned from selling these 9 articles equals the cost price of 3 articles, which is Rs. 3. Applying the profit percentage formula, Profit Percentage = (Profit / Total Cost Price) * 100, we calculate (3 / 9) * 100 = 33.33%.

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