Profit & Loss · Question 23 · Medium
A shopkeeper sells 15 notebooks and his profit equals the selling price of 3 notebooks. What is his profit percentage?
- 20%
- 25%
- 30%
- 16 2/3%
Answer and explanation
Answer: B. 25%
Explanation: 15 SP − 15 CP = 3 SP, so 12 SP = 15 CP and SP/CP = 15/12 = 1.25. Profit = 25%.
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