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Question
A bookseller sells all his books at a profit of 10%. If he buys a book from the distributor at Rs 200, how much does he sell it for?
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Solution
Given
Profit % = 10%
CP = Rs. 200
Since
SP = {(100 + profit %)/100} × CP
= {(100 + 10)/100} × 200
= {110/100} × 200
= Rs. 220
The bookseller sells the book for Rs. 220.
Profit % = 10%
CP = Rs. 200
Since
SP = {(100 + profit %)/100} × CP
= {(100 + 10)/100} × 200
= {110/100} × 200
= Rs. 220
The bookseller sells the book for Rs. 220.
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