By selling twelve notebooks, the seller earns profit equal to the selling
price of two note books, ______ is percentage profit.
(a) 20% (b) 30% (c) 25% (d) 15%
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Answer:
Let's assume the selling price of one book is
=Rs. X
Selling price of 12 notebooks= Rs. 12X
Total profit = Rs. 2X
Cost price of 12 notebooks= Selling price - Profit = 12X-2X =10X
Profit percentage =
(Total profit ÷total cost price) ×100
=(2X÷10X)×100
=0.2×100
=20 % .
hence the answer is 20%
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