Question
Download Solution PDFBy selling 50 items, a shopkeeper gains the selling price of 10 items. What is his gain percent?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFBy selling 50 items, a shopkeeper gains the selling price of 10 items
Formula used:-
Profit = Selling price - Cost price
Profit% = (Profit/CP) × 100
Calculation:-
⇒ 10SP = 50SP - 50CP
⇒ 40SP = 50CP
⇒ CP/SP = 40/50
⇒ Profit% = [( 50 - 40)/40] × 100 = 25%
∴ The required answer is 25%
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