A discount shop sells article for Rs. 99. The shopkeeper is making 98% profit on the cost price of each article. Which one of the conclusions given in the options below can be drawn logically and definitely from the statement above?

The profit per article is the same as the cost price of each article.

The profit per article is greater than the cost price of each article.

The profit earned on each article is Rs. 5

The cost price of each article is Rs. 50

A discount shop sells article for Rs. 99. The shopkeeper is making 98%

1.	A discount shop sells article for Rs. 99. The shopkeeper is making 98% profit on the cost price of each article. Which one of the conclusions given in the options below can be drawn logically and definitely from the statement above?
A.	The profit per article is greater than the cost price of each article.
B.	The profit earned on each article is Rs. 5
C.	The cost price of each article is Rs. 50
D.	The profit per article is the same as the cost price of each article.
Answer» D. The profit per article is the same as the cost price of each article.

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A discount shop sells article for Rs. 99. The shopkeeper is making 98% profit on the cost price of each article. Which one of the conclusions given in the options below can be drawn logically and definitely from the statement above?

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