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?
5Q:
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?
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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%.
