By selling 2 dozen ball pens, a shopkeep

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

By selling 2 dozen ball pens, a shopkeeper earned the profit equal to the selling price of 10 ball pens. Find his profit percent.

Options:

70\(\frac{3}{7}\)

71\(\frac{3}{7}\)

72\(\frac{3}{7}\)

65\(\frac{3}{7}\)

Correct Answer:

71\(\frac{3}{7}\)

Explanation:

ATQ,

⇒ S.P. - C.P. = Profit

⇒ 24 S.P. - 24 C.P. = 10 S.P.

⇒ 14 S.P. = 24 C.P.

⇒ S.P. : C.P. = 12 : 7

⇒ Profit = 5R

⇒ Profit % = \(\frac{5}{7}\) × 100 = 71\(\frac{3}{7}\)