The S.P. of 10 pencils is equal to the cost price of 11 pencils. Find the gain percentage.
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Answer:
Assume selling price of one pencil is SP and cost price of one pencil is CP.
ATQ
10SP = 11 CP
SP/CP = 11/10
Profit Percentage = (SP-CP)x100/CP
= 100SP/CP - 100
= 100x11/10 -100
= 10 %
Hence the profit percentage is 10.
Step-by-step explanation:
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