Multiple choice

21 articles were bought for 6531 and sold for 9954.How much was the approximate profit percentage perarticle?

  1. 56

  2. 54

  3. 52

  4. 58

  5. 53
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profit per article is (9954 - 6531) / 21 = 3423 / 21 = 163. The cost price per article is 6531 / 21 = 311. Profit percentage is (163 / 311) * 100, which is approximately 52.4%.

AI explanation

Using the profit percentage formula of ((selling price minus cost price) divided by cost price) times 100, we first find the total values. The profit is 9954 minus 6531 which equals 3423. The profit percentage is (3423 divided by 6531) times 100, which calculates to approximately 52.

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