1.

The selling price of 10 pencils is equal to the cost price of II pencils. What is the proithe profit per

Answer»

SP of 10 pencils=CP of 11 pencilsLet CP of each pencil be rs.1So, CP of 10 pencils=rs.10SP of 10 pencils=rs.11SP is greater than CPSo, there is a profit.Profit=11-10=rs.1Profit per cent= (1/10*100)per cent=10%

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