A shopkeeper sells his article at \(16\frac{2 }{3}\) % profit on selling price. Find his actual profit %.
Answer & explanation
Correct answer: option 4
16\(\frac{2}{3}\)% = \(\frac{1}{6}\)
SP = 6 CP = 5
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Actual profit % = \(\frac{1}{5}\) × 100 = 20%