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A shopkeeper purchased pens in bulk for ₹28 each. He sold each for ₹40. What was his profit percentage? |
42.85% 28.40% 38.75% 48.12% |
42.85% |
The cost price of the pen = 28 The selling price of the pen = 40 Profit = 40 - 28 = 14 Profit% = 12 × \(\frac{100}{28}\) = 42.85% |
