Question : A shopkeeper purchases an article for Rs. 3550 and spends an additional Rs. 50 on repairing it. If he then sold the article for Rs. 3816, then the percentage of profit is:
Option 1: 6%
Option 2: 6.08%
Option 3: 7.38%
Option 4: 7.49%
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Correct Answer: 6%
Solution :
Given: A shopkeeper purchases an article for Rs. 3550.
He spends Rs. 50 on its repair.
Actual cost price (CP) = (3550 + 50) = Rs. 3600
Selling price (SP) = Rs. 3816
Profit = SP – CP = 3816 – 3600 = Rs. 216
Profit % = $\frac{\text{Profit}}{\text{Actual cost price}}×100=\frac{216}{3600}×100=6\%$
Hence, the correct answer is 6%.
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