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    By selling 55 toffees, a shopkeeper earns a profit of 11 toffees. Determine the percentage profit earned.
    Question

    By selling 55 toffees, a shopkeeper earns a profit of 11 toffees. Determine the percentage profit earned.

    A.

    25%

    B.

    15%

    C.

    11%

    D.

    20%

    Correct option is A

    Given:

    Selling 55 toffees gives profit equal to 11 toffees

    Formula Used:

    Profit % = ProfitCost Price×100 \frac{\text{Profit}}{\text{Cost Price}} \times 100​​

    Solution: 

    Implies cost price (CP) = cost of 55 - 11 = 44 toffees

    Selling price (SP) = cost of 55 toffees

    Profit = SP - CP = cost of 11 toffees

    Profit % = 1144×100=25% \frac{11}{44} \times 100 = 25\%​​

    Alternate Solution: 

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