Question

A Trader sold 40 erasers and earned a profit equal to the selling price of 12 erasers. Find his profit%​

Answer 1

Let the cp of eraser = 12 rs cost price of 40 erasers =

sp of 12 erasers 12(40)=

Selling price of 12 erasers => Selling price of the eraser =12(40)/12 =₹40. Profit=40-12=₹28. Profit%=28/12×100=700/3 % =233.33%