if I purchased 11 books for 1000 and sold 10 books for 1100 then find the percentage of profit
[tex]please \: answer \: in \: detail[/tex]
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if I purchased 11 books for 1000 and sold 10 books for 1100 then find the percentage of profit
[tex]please \: answer \: in \: detail[/tex]
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Dear Student,
◆ Answer -
% Profit = 21 %
● Explanation -
Cost price of each book is -
Cost price = 1000 / 11
Cost price = 90.91 Rs
Selling price of each book is -
Selling price = 1100 / 10
Selling price = 110 Rs
% Profit is calculated as -
% Profit = (selling price/cost price - 1) × 100
% Profit = (110/90.91 - 1) × 100)
% Profit = 21 %
Therefore, 21 % profit is received to the shopkeeper.
Hope that's all..
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