23. If 20 notebooks are bought for 125 and sold at
16 books for 110 what is the profit percentage?
(A) 10% (B) 12% (C) 12.5% (D) 15%
Answers
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Answer:
Cost price (CP) per notebook = 125/20 = 6.25
Selling price (SP) per notebook = 110/16 = 6.875
Profit (P) per notebook = SP - CP = 6.875 - 6.250 = 0.625
Profit percentage = 100*P/CP = 100*0.625/6.25 = 10%
Correct answer (A) 10%
Step-by-step explanation:
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