Question

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

Answer 1

Answer:

Step-by-step explanation:

Here is your answer --

CP of 16 notebooks = SP of 12 notebooks

=> Let the CP of 1 notebook be ₹1

=> CP of 16 notebooks = ₹1×16 = ₹16

=> SP of 12 notebooks = ₹16

=> SP of 1 notebook = ₹16/12 = ₹4/3

SP>CP

Gain = SP - CP

Gain = ₹ (4/3 - 1)

Gain = ₹1/3

Gain % = Gain/CP ×100

Gain % = 1/3 ×100

Gain % = 33 1/3%