Question

Ade bought 20 pencils for N400. She sold the pencils at the rate of N25 per pencil. Find his profit percent.

Answer 1

Answer: Ade's profit percent =75%

Explanation:

cost price for 20 pencils = N400

Selling price for 20 pencils at N25 each = 25 x 20 =500

Profit = Selling price - Cost price= N500 - N400= N100

Profit Percent = Profit/ Cost price x 100

= 100/ 400 x 100= 75%