An iron merchant make profit of 30% by selling iron at ₹26 per quintal. If he sells the iron at ₹22.50 per quintal, what is the profit percentage on the value of investment?
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Answer:
Profit of 30%
Fraction of 30% is = 30 / 100 = 3/10
Let the CP be 10 as the denominator is given above
and then SP be 10+3= 13
Given in the question is 26 per quintal so
13 x 2 = 26 Rs. is CP.
And 10 x 2 = 20 Rs. is CP.
What is P% if he sells 22.50 per quintal?
22.50 - 20 = 2.5 Rs profit
P% = P / CP x 100
2.5 / 20 x 100
When you cancel out you get the answer as 12.5%
*ANSWER IS 12.5 %*
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