After selling , a shopkeeper claims that he makes a profit equal to the selling price of . Find the profit percentage of the shopkeeper.
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Solution & Step-by-step Explanation
Let the Selling Price () of be \ 1 110\text{ oranges} \text{SP}_{110} \.
According to the question, the profit is equal to the selling price of :
We know that:
Now, calculate the profit percentage:
According to the question, the profit is equal to the selling price of :
We know that:
Now, calculate the profit percentage: