Selling price of 10 books is equal to cost price of 12 books. What is profit %
Solution (By Examveda Team)
Let the cost price of 1 book is Re 1Cost of 12 books = Rs 12
Selling price of 10 books = 12
Profit = 12 - 10 = 2
Profit%=(Profit/Cost X 100)%=(2/10 X 100)%=20%
But you did C.P. - S.P. and that would be loss percentage