The cost price of 12 pencils is equal to the selling price of 10 pencils. Find the profit per cent
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Answer:
20%
Step-by-step explanation:
LET THE COST PRICE OF 1 PENCIL BE RS. 100.
COST PRICE OF 12 PENCILS= 12×100=1200
SELLING PRICE OF 10 PENCILS = 1200
SELLING PRICE OF 1 PENCIL = 1200/10 =120 RS.
GAIN = 120-100= RS. 20.
GAIN PERCENT = 20×100/120 = 20%
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