Srikant bought 25 pens at rs 8 per pen and 35 pens at rs 10 per pen . He sold all 60 pens at rs 11 per pen . Find his profit per cent.
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Total cost=25*8+35*10=200+350=550
Total sales=60*11=660
Profit=660-550=110=20% on cost=16.67% on sales
Total sales=60*11=660
Profit=660-550=110=20% on cost=16.67% on sales
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