Question

A trader purchased 40 pens for rupees 300 and then sold at rupees 10 per pen find the profit percentage

Answer 1

Answer:

Given,

Cost price(CP)=300/-

Selling price(SP) of

1 pen=10/-

40 pens=40×10=400/-

Profit=SP-CP

Profit=400-300

Profit=100/-

Profit percent =(profit/CP)×100

= (100/300)×100

=(1/3)×100

=100/3

=33.3333............................