I bought 10 pencils for Rs 50 and sold them for Rs 60.  What is my Profit %?Options :20%30%40%none

Question

I bought 10 pencils for Rs 50 and sold them for Rs 60.  What is my Profit %?Options :20%30%40%none
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Solution 1

To calculate the profit percentage, you first need to determine the amount of profit you made.

Step 1: Calculate the profit amount Profit = Selling price - Cost price Profit = Rs 60 - Rs 50 Profit = Rs 10

Step 2: Calculate the profit percentage Profit % = (Profit / Cost price) * 100 Profit % = (1 Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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