Practicing Success
The cost price of an article is ₹1,200. On buying four such articles, the customer gets one for free. If the selling price of each article is ₹1,800, then determine the net percentage profit earned by the shop keeper on selling four articles. |
12% 20% 18% 15% |
20% |
Cost price of an article is Rs. 1200 Selling price of an article is Rs. 1800 C.P. of 1 article = Rs.1200 S.P. of 1 article = Rs.1800 Also, on buying 4 articles 1 article is free for the customer So, C.P. of 5 articles = 1200 × 5 = Rs. 6,000 S.P. of 4 articles = 1800 × 4 = Rs. 7200 Profit = 7200 - 6000 = Rs.1200 Profit% = \(\frac{1200 × 100 }{6000}\) = 20% |