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Get Answers to all your Questions
The selling price of 10 pencils is equal to the cost price of 11 pencils .What is the profit percentage?
Answers (1)
Assume selling price of one pencil is SP and cost price of one pencil is CP.
ATQ
10SP = 11 CP
SP/CP = 11/10
Profit Percentage = (SP-CP)x100/CP
= 100SP/CP - 100
= 100x11/10 -100
= 10 %
Hence the profit percentage is 10.
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