A shopkeeper purchased pens in bulk for Rs.28 each. He sold each for Rs.40. What was his profit percentage?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e 42.85%
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Understanding Tricks |
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Application CP/(No. of pen × 100%) = SP/(No. of pen × Profit %) So let the number of pen = 1 28/1 × 100 = 40/1 × ?% ⇒ ? = 142.85% |
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Hence Profit = 42.85% |