Question

On selling 22 pencils, a shopkeeper earned a profit equal to the selling price of 11 pencils. Find the profit %.

(a) 100%
(b) 33.33%
(c) 25%
(d) 50%

Answer 1

To find the profit percentage, divide the profit earned on selling 22 pencils by the cost price and multiply by 100. The correct option is 100%.

Step-by-step explanation:

To find the profit percentage, we need to calculate the profit earned on selling 22 pencils and then express it as a percentage of the cost price.

Given: Profit earned = selling price of 11 pencils

Let the cost price of one pencil be x.

Profit earned on selling 22 pencils = selling price of 11 pencils = 11x

Profit percentage = (Profit/Cost price) x 100

Profit percentage = (11x/x) x 100 = 11 x 100 = 1100%

Therefore, the correct option is (a) 100%.