A merchant buys 150 books for ₹200 each and sells them at ₹250 each. Calculate the profit percentage.
Given:
Cost price of each book = ₹200
Selling price of each book = ₹250
Number of books = 150
Formula Used:
Profit per book = Selling Price - Cost Price
Total Profit = Profit per book × Number of books
Profit Percentage =× 100
Solution:
Profit per book = ₹250 - ₹200 = ₹50
Total Profit = ₹50 × 150 = ₹7500
Total Cost Price = ₹200 × 150 = ₹30,000
Profit Percentage = × 100 = 25%
Thus, the profit percentage is 25%.
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