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If 10 products are brought in 8 taka and 8 product are sold in 10 taka. What is the percentage of profit?
Cost price of 10 products = 8 taka Cost price of 1 product = 8/10 = 0.8 taka
Selling price of 8 products = 10 taka Selling price of 1 product = 10/8 = 1.25 taka
Profit per product = Selling price - Cost price = 1.25 - 0.8 = 0.45 taka
Profit percentage = (Profit per product / Cost price) x 100 = (0.45 / 0.8) x 100 = 56.25%
Therefore, the profit percentage is 56.25%.
