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A shopkeeper sells 18 mangoes for the purchase price of 20 mangoes. The percent profit made by the shopkeeper is. How do you got 11.11 percent in percent profit?
Wiki User
∙ 11y ago
It costs the shopkeeper $x to buy 20 mangoes
They sell 18 mangoes for $x.
The unit cost of a mangoe to buy was $x/20
The unit cost to buy the 18 mangoes is therefore 18 x $x/20 or $18x/20. this can be reduced to $9x/10
The shopkeeper sold the 18 mangoes for $x.
The gross profit made is $x - $9x/10 = $x/10, this is 1/9 of the cost price.
So the selling price is 10/9 of the cost price. the profit is 1/9 or as a percentage 11.11%
Wiki User
∙ 11y ago
Wiki User
∙ 12y ago11.11
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How much per cent above the cost price should a shopkeeper mark his goods so as to earn a profit of 26 percent after allowing a discount of 10 percent on the marked price?
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