if he sold pens for rs 18,70,000 what is the profit made by mr patel.?
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Answer:
Given:
Cost price of 6 pens = Rs. 20
The selling price of 4 pens = Rs. 18
FormulaUsed:
Cost price = Selling price - Profit
Profit% = (Profit/Cost price) × 100
Calculation:
Cost price of 6 pens = Rs. 20
⇒ Cost price of 1 pen = 20/6 = 10/3
The selling price of 4 pens = Rs. 18
⇒ The selling price of 1 pen = 18/4 = 9/2
⇒ Profit = 9/2 - 10/3 = 7/6
Profit% = (Profit/Cost price) × 100
⇒ Profit% =
∴ Profit% = 35%
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