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Question : A person bought some pens at the rate of 14 for a rupee and sold them at the rate of 10 for a rupee. What is the profit percentage?

Option 1: 30%

Option 2: 50%

Option 3: 45%

Option 4: 40%


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: 40%


Solution : Given: A person bought some pens at the rate of 14 for a rupee and sold them at the rate of 10 for a rupee.
Profit percentage = $\frac{SP–CP}{CP}×100$, where SP is the selling price and CP is the cost price.
= $\frac{14–10}{10}\times 100$
= $\frac{4}{10}\times 100$
= $40$%
Hence, the correct answer is 40%.

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