Question

A retailer buy 70 pens at M.P. of 56 pens from a whole seller and retailer sells to customer at M.P. find profit %

Answer 1

Answer:

20%

Step-by-step explanation:

let the M. P. of 1 pen be x

=> M. P. of 56 pens = 56x

also M. P. of 70 pens = 70x

profit percent = (70x-56x) / 70x * 100

profit percent = (70x-56x) / 70x * 100= 14x/70x * 100

profit percent = (70x-56x) / 70x * 100= 14x/70x * 100= 20 %

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