Question

what is the profit % if the cost price of 16 bolts is equal to the selling price of 12 bolts?​

Answer 1

Answer:

let the SP of one bolt be x

then, SP of 16 bolts = 16x

and CP of 16 bolts = SP of 12 Bolts= 12x

Profit= 16x-12x= 4x

profit percentage= 4x/12x × 100 = 33 1/3 percent