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On selling 30 caps, a shopkeeper earns profit equal to the selling price of 3 caps. What is the profit percentage?1). 12.52). 11.113). 104). 14.28 |
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Answer» Let SP of 1 cap = 1 So, SP of 30 cap = 30 We KNOW that, ⇒ 30 -CP = 3 ⇒ CP = 27 ∴ Profit % = (SP - CP)/CP × 100 = (30 - 27)/27 × 100 = 3/27 × 100 = 11.11% |
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