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In a fruit shop, the cost price of 40 apples is equal to the selling price of 30 apples. The profit percentage earned by the shopkeeper is 1. 30%2. 33.3%3. 35.5%4. 35% |
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Answer» Correct Answer - Option 2 : 33.3% Given: Cost price of 40 apples = Selling price of 30 apples Calculation: Profit = Selling price – Cost price Profit percentage = (Profit/Cost price) × 100 Calculation: Let the cost price be CP Let the selling price be SP CP of 40 apples = SP of 30 apples ⇒ CP × 40 = SP × 30 ⇒ CP × 4 = SP × 3 ⇒ CP/SP = 3/4 In terms of ratio CP : SP = 3 : 4 ⇒ Profit = 4 – 3 = 1 ⇒ Profit percent = 1/3 × 100 = 33.3% ∴ The profit percentage earned by shopkeeper is 33.3%. |
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