Question

Jaaved sold 11 jackets with profit 2% profit on each of them. What is the percentage of his net profit

Answer 1

Step-by-step explanation:

Jaaved sold 11 jackets with profit 2% profit on each of them. What is the percentage of his net profit

Answer 2

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.