A shopkeeper bought 180 pens for ₹1200 and sold them at ₹9 each. What is the percentage profit? 0.1
Question
A shopkeeper bought 180 pens for ₹1200 and sold them at ₹9 each. What is the percentage profit?
Solution
Step 1: Calculate the cost price per pen
The shopkeeper bought 180 pens for ₹1200. So, the cost price per pen is ₹1200/180 = ₹6.67
Step 2: Calculate the selling price per pen
The shopkeeper sold each pen for ₹9.
Step 3: Calculate the profit per pen
The profit per pen is the selling price minus the cost price. So, the profit per pen is ₹9 - ₹6.67 = ₹2.33
Step 4: Calculate the profit percentage
The profit percentage is the profit per pen divided by the cost price per pen, multiplied by 100. So, the profit percentage is (₹2.33/₹6.67) * 100 = 34.93%
So, the shopkeeper made a profit of approximately 35%.
Similar Questions
If selling price of 12 pens is equal to the cost price of 18 pens,find the profit percent.
A man buys 50 pens at marked price of 46 pens from a whole seller.If he sells these pens giving a discount of 1% ,what is the profit percent?5.3%7.6%10.6%12%
Find the percentage gain or loss when the dot pens bought for Rs. 96 per dozen were sold atthe rate of 10 for Rs. 90?
The c.p of 10 pens is equal to s.p of 12 pens.Find his gain% or loss%.A33.24% profitB20% profit
A shop man bought pens at the rate of 7 for 10 and sold them at a profit of 40%. How many pens would a customer get for 10 ?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.