The cost price of 8 books is equal to selling price of 6 books. Find profit % ?
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Answer:
Profit = 33.33% Approx
Step-by-step explanation:
Let Selling Price of one book be x
∴ Selling Price of 6 Books = 6x
Selling Price of 8 Books = 8x
Now,
Cost Price of 8 Books = Selling Price of 6 books
∴ Cost Price of 8 books = 6x
But Selling Price of 8 books = 8x
∵ SP > CP, it is a profit
Profit = Selling Price - Cost Price
= 8x - 6x
= 2x
Profit% = (Profit × 100 ) / CP
= (2x × 100)/6x
= 33.33% Approx
∴ There will be a profit of 33.33% Approx
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