By selling 20 books, a woman gains an amount equal to the selling price of 2 books. Find her profit percent
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Answer:
11.11 %
Step-by-step explanation:
Let say Cost Price of a book = C
Then cost Price of 20 books = 20C
Selling Price of one Book = S
=> Selling Price of 20 Books = 20S
=> Profit = 20S - 20C
Profit = Selling Price of 2 Books = 2S
=> 20S - 20C = 2S
=> 18S = 20C
=> 9S = 10C
=> S = 10C/9
Profit = S - C = 10C/9 - C = C/9
Profit % = (C/9)/C * 100 = 100/9 % = 11.11 %
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