Profit and Loss Practice Test 4

Question : 9 of 40

Marks: +1, -0

Punam estimated that her profit per cent is 8% on selling price; find her actual profit per cent.

Solution:

Let SP = Rs 100
Then profit = Rs 8
CP = 100 - 8 = 92
Actual profit percent

=8/92×100=8.7%

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