A person bought one kg of Apple for peace 450 and sold for rupees 500 the percentage of price earned is?
- 5.1%
- 11.1%
- 15.1%
- None of these
Explanation
Total Cost = Rs. 450
Profit = Rs. 50
Formula = profit / Cost x 100
= 50/450 x 100
= 11.5%
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