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8th Class Mathematics Comparing Quantities Question Bank Comparing Quantities

  • question_answer
    If a merchant estimates his profit as 20% of the selling price, what is his real profit percent.

    A)  \[25%\]                              

    B)                         \[20%\]           

    C)                         \[22%\]                              

    D)                         \[30%\]           

    Correct Answer: A

    Solution :

    Suppose S.P. \[=Rs.\,100\] Profit \[=Rs.\,20\] C.P. \[=Rs.\,13.95\times 1.2=Rs.\,16.74\] Profit \[%=\frac{profit}{C.P.}\times 100%\]                                 \[=\frac{20}{80}\times 100%=25%\]


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