Question

if I purchased 11 books for 1000 and sold 10 books for 1100 then find the percentage of profit
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Answer 1

Dear Student,

◆ Answer -

% Profit = 21 %

● Explanation -

Cost price of each book is -

Cost price = 1000 / 11

Cost price = 90.91 Rs

Selling price of each book is -

Selling price = 1100 / 10

Selling price = 110 Rs

% Profit is calculated as -

% Profit = (selling price/cost price - 1) × 100

% Profit = (110/90.91 - 1) × 100)

% Profit = 21 %

Therefore, 21 % profit is received to the shopkeeper.

Hope that's all..

Answer 2

Step-by-step explanation:

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