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Q:

The cost price of a book is ₹110 and the selling price is ₹123.20. What percent profit will the bookseller make on selling it?

  • 1
    11%
  • 2
    12%
  • 3
    13%
  • 4
    14%
  • Show Answer
  • Workspace

Answer : 2. "12%"
Explanation :

To calculate the percentage profit made by the bookseller, we use the formula:

Profit Percentage=(Selling Price−Cost PriceCost Price)×100%Profit Percentage=(Cost PriceSelling Price−Cost Price)×100%

Given: Cost Price (𝐶𝑃CP) = ₹110
Selling Price (𝑆𝑃SP) = ₹123.20

Using the formula:

Profit Percentage=(123.20−110110)×100%Profit Percentage=(110123.20−110)×100%

Profit Percentage=(13.20110)×100%Profit Percentage=(11013.20)×100%

Profit Percentage=(0.12)×100%Profit Percentage=(0.12)×100%

Profit Percentage=12%Profit Percentage=12%

So, the bookseller will make a profit of 12%.

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