20 pens costing rs 60 are sold at 5 pens for rs 25 .. what is the profit %.
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Answer: profit % = 40%
Step-by-step explanation:
20 pens cost 60 rupees
1 pen would’ve cost 60/20 = 3 rupees
5 pens were sold for 25 rupees
1 pen would’ve been sold for 25/5 = 5 rupees
Profit = [ (selling price - cost price) / selling price ] * 100%
=> profit = 40%
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