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If the cost price of 12 pens is equal to selling price of 10 pens, what is the percentage of profit is:1. 16.67%2. 20%3. 18%4. 25% |
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Answer» Correct Answer - Option 2 : 20% Given: Cost price of 12 pens = Selling price of 10 pens Formula Used: Profit percentage = {(S.P – C.P)/C.P} × 100 Calculation: Let the C.P. of each pen = Rs. 1 C.P. of 12 pens = Rs. 12 S.P. of 10 pens = Rs. 12 C.P of 10 pens = Rs. 10 Profit = Rs. (12 – 10) = Rs. 2 Profit % = (2/10) × 100 = 20% ∴ Profit percentage is 20% |
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