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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?
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%
What else can I help you with?
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?
40 % markup. 1.40 - 10% (.14) =1.26 where 1.00 is 100% 26% profit
Why would a shopkeeper need to use a spreadsheet?
You can analyze your profit and loss on a spreadsheet.
The labeled price of a cupboard is Rs 6500 The shopkeeper sold it by giving 5 percent discount on the labeled price and earned a profit of 15 percent What is the cost price of the cupboard?
The shopkeeper sold the cupboard for Rs 6175. 5% of 6500 = .05 x 6500 = 325 6500 - 325 = 6175 Since he earned a profit of 15% of the cost, the cost price, C, would be Rs 5369.57. C + 15% of C = 6175 C + .15C = 6175 1.15C = 6175 (divide by 1.15 to both sides) C ≈ 5369.57
What is the formula for converting profit percent to profit?
Profit = (profit percentage / 100) x gross income
What is formula for gain percent?
Profit (gain) % = Profit / C.P. *100
A shopkeeper purchases several articles are the rate of 11 for Rs10 and sells them at the rate of 10 for Rs11 What would be the profit earned by him?
21%
What does it mean to buy and sell for a profit?
Buy mean purchase and sell for profit means give to someone for more than you had purchase.
Is it illegal to purchase products from a store and sell them for profit from your home?
No, it is not illegal to purchase items and then resale them for a profit. This is how businesses make their money.
A shopkeepersold a pen for Rs13.20 to make profit of 10 percent in order to earn a profit of 15 percent he should have dold it for?
rs13.80
What profit margin do furniture retailers have?
According to Chron, the average profit margin for furniture retailers is 2 percent. This is up from other retailers who normally have a 0.5 percent profit margin.
A shopkeeper sells 10 toffees for a rupee gaining thereby 20 percent . How many did he buy for a rupee?
Well, isn't that a happy little math problem! If the shopkeeper sells 10 toffees for a rupee and gains 20 percent, that means his cost price is 10 toffees for less than a rupee. So, he bought more than 10 toffees for a rupee to make a profit. Keep on painting those numbers and you'll find the answer!
When a discount is 10 percent is given on on an item being sold at a profit of 20 percent on the cost price the sales volume trebles what is the ratio of new profit to original profit?
3:2
