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Question
Selling price of 9 articles is equal to the cost price of 15 articles. In this transaction there is profit of `66 2/3%`.
Options
True
False
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Solution
This statement is True.
Explanation:
Selling price of 9 articles = Cost price of 15 articles
It means, 15 articles – 9 articles = 6 articles
Cost price of 6 articles is the profit on transaction.
∴ Profit % = `6/9 xx 100`
= `600/9`
= `200/3`
= `66 2/3%`
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