A shopkeeper bought 30 pens for ₹150 and sold 20 of them for ₹140. Find his profit or loss percentage.
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A shopkeeper bought 30 pens for ₹150 and sold 20 of them for ₹140. Find his profit or loss percentage.
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Answer:
Because the cost price of 30 pens = Rs. 150
So, the cost price of 1 pen = 150/30 =5
so, the cost price of 20 pens =
Rs. 5 x 20 = 100
Cp is Rs. 100
Sp is Rs. 140
So, profit = 140-100 = Rs. 40
Profit % = (Profit x 100)xCp
=(40 x 100)/100
= 4000/100
= 40% profit
Answer is 40 percentage profit