A boy buys 10 apple for Rs 9.60 ans sells them at 11 for rs 12 . find the profit percentage
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A boy buys 9 apples for Rs 9.60 and sells them at 11 for Rs 12. What is his gain or loss percent?
Cost price of 9 apples is 9.6 rs
Cost price of each apple 9.6/9 =1.0667rs
Selling price of each apples = 12/11(11 apples sold for 12 rs therefore each apple cost is 12/11)
= 1.0909rs
Therefore CP=1.0667rs, SP=1.0909rs
SP>CP hence it's a profit
Profit%= profit /(CP*100)
=(SP- CP) /(CP*100)
Substituting all the values you get
Profits%= 2.268%
I hope it is clear
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