Jaaved sold 11 jackets with profit 2% profit on each of them. What is the percentage of his net profit
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Step-by-step explanation:
Jaaved sold 11 jackets with profit 2% profit on each of them. What is the percentage of his net profit
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1
Answer:
2%
Step-by-step explanation:
2 %
Assume that cost price of each jacket is Rs. 100.
As profit % in 2%, the profit from each jacket is Rs. 2. The selling Price of each jacket is Rs. 102.
We know that, profit % is the ratio of the profit and the C.P.
So, profit% on 1 jacket =
Profit on 1 jacket × 100 = 2 x 100= 2%
Cost Price of 1 jacket 10
He sold 11 jackets.
So, profit% on 11 jackets =
profit on 11 jackets x100= 22 x 100=2%
Cost price of 11 jackets 1100
The profit% remains the same whether he sells 1 jacket or 11 jackets.
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