Question

When Vijay sells 12pens, he gains the selling price of 2pens, Calculate his profit percent?

Answer 1

12/100×2
=>0.24%

Hope the answer is helpful !!

Answer 2

Given :

When Vijay sells 12pens, he gains the selling price of 2pens

To Find :

Calculate his profit percent?

Solution:

Let the selling price of one pen be Re.1

Selling price of 12 pens = Rs.12

Profit = Selling price of 2 pens = Rs.2

CP=SP-Profit

CP=12-2

CP = Rs.10

$Profit\% = \frac{SP-CP}{CP} \times 100 \\Profit\% = \frac{12-10}{10} \times 100\\Profit\% = 20\%$

Hence The profit% is 20%