24 article were bought for Rs. 14880 and sold for Rs. 18480. What was the approximate profit percentage per article ?

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31 vote

24 article were bought for Rs. 14880 and sold for Rs. 18480. What was the approximate profit percentage per article ?

Asked on 2018-06-28 16:27:33 by Guest | Votes 31 | Views: 1190 | Tags: sbi | sbi clerk | sbi clerk 03 june 2012 | profit and loss | quantitative aptitude | Add Bounty

24 article were bought for Rs. 14880 and sold for Rs. 18480. What was the approximate profit percentage per article ?
1). 32%
2). 29%
3). 17%
4). 20%

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2 answers

32 vote

Answered by Guest on 2019-04-06 21:11:28 | Votes 32 | #

Solution

Cost price of an article = $\frac{14880}{24} = 620$

Selling price of an article = $\frac{18480}{24} = 770$

Profit per article = 150

%Profit per article = $\frac{150}{620} = 24.2$

Accepted Answer

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1 vote

Answered by Guest on 2019-04-22 07:18:20 | Votes 1 | #

Solution

Cost price of an article = $\frac{14880}{24} = 620$

Selling price of an article = $\frac{18480}{24} = 770$

Profit per article = 150

%Profit per article = $\frac{150}{620} = 24.2$

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