Question 52

Mohit earns a profit of ₹54 on selling a pencil for ₹144. What is the profit percentage?

Solution

Mohit earns a profit of ₹54 on selling a pencil for ₹144.

Selling price = 144

Profit = 54

Cost price = 144-54 = 90

profit percentage = $$\frac{profit}{cost\ price}\times 100$$

= $$\frac{54}{90}\times\ 100$$

= 60%

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