Question

A shopkeeper sells 24 pencils and earns a profit equals to the selling price of 8 pencils. Find the profit percentage

Answer 1

Step-by-step explanation:

S.P. of 100 pencils − C.P. of 100 pencils = S.P. of 20 pencils

⇒ S.P. of 80 pencils = C.P. of 100 pencils 

Let C.P. of 1 pencil = Rs. 1

Then S.P. of 80 pencils = Rs. 100 

⇒ C.P. of 80 pencils = Rs. 80

∴ Profit % =80100−80×100=8020×100=25%

Answer 2

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