when vijay cells 12 pens he gains the selling price of 2 pens. find his profit%
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Answer:
12/100×2
0.24%
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Let the S.P of 12 pens be 12x
then S.P of 2 pens = profit
profit = 2x
profit = S.P. - C.P
2x = 12x - C.P
C.P = 12x - 2x
C.P = 10x
profit % = ( profit / C.P ) × 100
profit % = ( 2x / 10x ) ×100
profit % = 100 / 5
profit % = 25 %
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