find out the profit percentage if the cost price if 10 pens equals to the selling price of 8 pens
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Step-by-step explanation:
Let CP of 12 pens be x. Thereby SP of 8 pens is also x.
CP of 1 pen = x/12
SP of 1 pen = x/8
Thereby gain = x/8 - x/12 = x/24
Thereby gain percentage = ((x/24)*100)/(x/12)
= (x*12*100)/(x*24) = 50%
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Answer:
cost price of 10 pens=selling price of 8 pens
profit =cost price of (10-8)pens=2pens
out of 10 pens,profit 2 pens
out of 100 pens profit 2×100/10 pens=20 pens
so, profit =20%
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