A person bought pens at 25 for a rupee and sold at 15 for a rupee. what is his profit percentage
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cost price of 25 pens is 1 rupee
cost price of 1 pen is 1/25 rupee
cost price of 15 pens is 15/25=3/5 rupee
selling price of 15 pens is 1 rupee
profit % = [(selling price - cost price) / cost price ] * 100
profit % = [{1- (3/5) } / (3/5)]* 100 = 200/3%
cost price of 1 pen is 1/25 rupee
cost price of 15 pens is 15/25=3/5 rupee
selling price of 15 pens is 1 rupee
profit % = [(selling price - cost price) / cost price ] * 100
profit % = [{1- (3/5) } / (3/5)]* 100 = 200/3%
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