A person bought some pens at the rate of 30 per rupee and sold them at the rate of 20 for a rupee. What is the profit percentage? |
50% 66.66% 75% 33.33% |
50% |
Cost price of 1 pen = 1/30 Selling price of 1 pen = 1/20 Profit = $\frac{1}{20} - \frac{1}{30}$ =$\frac{1}{60}$ Profit percent = $\frac{profit}{Cost\; price}$ x 100 = $\frac{\frac{1}{60}}{\frac{1}{30}}$ x 100 = 50% |