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Question

A person buys 100 caps at Rs. 10 each. On the way 10 caps are Stolen. He sells the remaining caps at Rs. 12 each. His Profit per cent is ?

A
5%
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B
6%
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C
7%
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D
8%
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Solution

The correct option is D 8%
Person buys 100 caps at Rs 10 each.

So, Cost Price (CP) =100×10=1000 Rs

10 caps are stolen. Remaining 10010=90 are sold at Rs 12 each.

So, Selling Price (SP) =90×12=1080 Rs

Profit=SPCP=10801000=80 Rs

Profit percentage=profit×100CP=80×1001000=8%

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