A shopkeeper sells 18 mangoes for the purchase price of 20 mangoes. The percent profit made by the shopkeeper
is.
O 10%
11.11%
09.09%
12%
Answers
Step-by-step explanation:
let c.p of 1 mango Re 1.
then c.p of 18 mangoes= Rs 18
c.p of 20 mangoes Rs 20 = s.p of 18 mangoes
profit= s.p of 18 mangoes - c.p of 18 mangoes
=20 - 18
= 2
profit %= 2/18*100
=11.11 ans
The per cent profit made by the shopkeeper is 11.11%.
Given:
The purchase price of 20 mangoes=Selling prices of 18 mangoes
To find:
The per cent profit
Solution:
Let the purchase price of a mango be X.
We will obtain the purchase price of 18 mangoes and calculate the profit.
The purchase price of 18 mangoes=18×purchase prices of 1 mango
=18×X
=18X
Now, we know that the selling price of 18 mangoes=Purchase prices of 20 mangoes
So, the selling price of 18 mangoes=20×X
=20X
The amount of profit=Selling price of 18 mangoes-Purchase prices of 18 mangoes
=20X-18X
=2X
Now, the profit per cent=Amount of profit/Purchase price×100
Using the values,
=2X/18X×100
=1/9×100
=100/9
=11.11%
Therefore, the per cent profit made by the shopkeeper is 11.11%.
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