Question
Ravi sold 80 notebooks and made a profit equal to the cost
price of 5 notebooks. What is the percentage of profit he made?Solution
ATQ,
Let cost price of 1 notebook = Re. 1
Profit earned = cost price of 5 notebooks = 1 × 5 = Rs. 5
Cost price of 80 notebooks = 1 × 80 = Rs. 80
Profit percentage = (5 / 80) × 100 = 6.25%
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