a shopkeeper buys pencils at 10 for ruppees 10 and sells them at 8 for rupees 10. find the profit %
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Cost Price of 10 pencils = ₹10
Cost Price of 1 pencil = ₹10/10 = ₹1
Selling Price of 8 pencils = ₹10
Selling Price of 1 pencil = ₹10/8 = ₹1.25
Profit = Selling Price - Cost Price
= ₹(1.25-1)
= ₹0.25
Profit % = Profit/Cost Price × 100
= 0.5/1 × 100
= 50 %.
Hope it helps you.
With regards@
Tanisha
Cost Price of 1 pencil = ₹10/10 = ₹1
Selling Price of 8 pencils = ₹10
Selling Price of 1 pencil = ₹10/8 = ₹1.25
Profit = Selling Price - Cost Price
= ₹(1.25-1)
= ₹0.25
Profit % = Profit/Cost Price × 100
= 0.5/1 × 100
= 50 %.
Hope it helps you.
With regards@
Tanisha
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