Srikanth bought 25 pens at ₹8 per pen and 35 pens at ₹10 per pen. He sold all 60 pens at ₹11 per find his profit percent.
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Find the total cost:
25 pens at ₹8 per pen = 25 x 8 = ₹200
35 pens at ₹10 per pen = 35 x 10 = ₹350
Total cost = 200 + 350 = ₹550
Find the total selling price:
60 pens at ₹11 per pen = 60 x 11 = ₹660
Find the profit:
Profit = 660 - 550 = ₹110
Profit percentage = profit/cost price x 100
Profit percentage = 110/550 x 100 = 20%
Answer: The profit is 20%
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