Question 65

The cost price of a notebook is ₹120. It is sold at a profit of 40%. What is the nominal profit made on the sale of each notebook?

Solution

The cost price of a notebook is ₹120. It is sold at a profit of 40%.

Nominal profit made on the sale of each notebook = 120 of 40%

= 120 of 40%

= $$120\times\frac{40}{100}$$

= ₹48

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