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If I would have purchased 11 articles fo...

If I would have purchased 11 articles for Rs. 10 and sold all the articles at the rate of 10 for Rs. 11, the profit per cent would have been:

A

0.1

B

0.11

C

0.21

D

1

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to determine the profit percentage based on the given purchase and selling prices of the articles. ### Step-by-Step Solution: 1. **Calculate the Cost Price (CP) of One Article:** - The total cost for 11 articles is Rs. 10. - Therefore, the cost price of one article (CP) is: \[ CP = \frac{10}{11} \text{ Rs.} \] 2. **Calculate the Selling Price (SP) of One Article:** - The selling price for 10 articles is Rs. 11. - Therefore, the selling price of one article (SP) is: \[ SP = \frac{11}{10} \text{ Rs.} \] 3. **Calculate the Profit per Article:** - Profit per article can be calculated as: \[ \text{Profit} = SP - CP = \frac{11}{10} - \frac{10}{11} \] - To subtract these fractions, we need a common denominator, which is 110: \[ \text{Profit} = \frac{11 \times 11}{110} - \frac{10 \times 10}{110} = \frac{121 - 100}{110} = \frac{21}{110} \text{ Rs.} \] 4. **Calculate the Total Cost Price for 11 Articles:** - The total cost price for 11 articles is Rs. 10. 5. **Calculate the Total Selling Price for 11 Articles:** - The total selling price for 11 articles can be calculated as: \[ \text{Total SP} = 11 \times SP = 11 \times \frac{11}{10} = \frac{121}{10} \text{ Rs.} \] 6. **Calculate the Total Profit for 11 Articles:** - Total profit is the total selling price minus the total cost price: \[ \text{Total Profit} = \text{Total SP} - \text{Total CP} = \frac{121}{10} - 10 = \frac{121}{10} - \frac{100}{10} = \frac{21}{10} \text{ Rs.} \] 7. **Calculate the Profit Percentage:** - Profit percentage is calculated using the formula: \[ \text{Profit Percentage} = \left( \frac{\text{Total Profit}}{\text{Total CP}} \right) \times 100 \] - Substituting the values: \[ \text{Profit Percentage} = \left( \frac{\frac{21}{10}}{10} \right) \times 100 = \left( \frac{21}{100} \right) \times 100 = 21\% \] ### Final Answer: The profit percentage is **21%**.
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