Two dozen apples were purchased at rs. 200. 16 of these apples are sold at rs. 192. What is the expected profit percentage in this transaction?
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Answer:
44 %
Step-by-step explanation:
teo dozen = 24 Apple
24 apple purchase in Rs 200
1 apple purchased = 200/24 = 25/3
16 Apple sold in rs 192
1 Apple sold = 192/16 = 12
Profit = 12-(25/3) = 11/3
% profit = {(11/3)/(25/3)}* 100 = 44 %
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