Question 32

A shopkeeper by selling 6 items, earns a profit equal to the selling price of 1 item. What is his profit percentage?

Solution

Let SP of 1 item = 10/-

SP of 6 items = 60/-

profit = SP of 1 item = 10/-

CP = SP-profit = 60-10 = 50/-

profit% = $$\frac{profit}{CP} \times 100 = \frac{10}{50} \times 100 = 20$$%

So the answer is option A.

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