The cost price of a pen is Rs.12. But the shopkeeper sold it for Rs.18. What is the percentage of profit obtained by the shopkeeper?

25%

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50%

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75%

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65%

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Solution

The correct option is B
50%

Profit = S.P - C.P = Rs. 18 - Rs. 12 = Rs. 6

Profit percentage = $\frac{6}{12}$ × 100 = 50%

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