If a large number of pens are bought at the rate of m pens for n rupees each and sold at the rate of n pens for m rupees each, what is the pencentage of profit indiabix
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n^2*m^2 is equal to 1
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Answer:
Step-by-step explanation:
Since, The cost price of m pens = n rupees,
⇒ The cost price of 1 pen = n/m rupees,
The selling price of n pens = m rupees,
⇒ The selling price of 1 pen = m/n rupees,
Thus, the profit in one pen = Selling price of one pen - cost price of one pen
Now, the profit percentage in one pen = profit / cost price × 100,
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