Question

A hawker bought chikoos at Rs 32 per dozen and sold them at Rs 40 per dozen. Find his profit
per cent​

Answer 1

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★ Given :

Cost price = Rs. 32

Selling price = Rs. 40

★ To find :

Profit percent

★ Method :

Profit = Selling price - Cost price

Profit = 40 - 32

Profit = 8

Hence, profit = Rs. 8

Profit percent formulae =

Profit × 100 ÷ Cost price

= 8 × 100 ÷ 32

= 25

★ Answer :

His profit percent is 25 %

★ Do remember :

• Profit = Selling price - Cost price

• Profit percent = Profit × 100 ÷ Cost price

• Loss = Cost price - Selling price

• Loss percent = Loss÷ Cost price × 100

After applying percent formulas give '%' sign to the answer.

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