A shopkeeper sells18 mangoes for the purchase price of 20 mangoes. The percent profit made by shopkeeper is:
Q1. A shopkeeper sells18 mangoes for the purchase price of 20 mangoes. The percent profit made by shopkeeper is:
Answer: 11.11%
Explanation: Selling 18 mangoes at the cost price of 20 means a profit of 2 mangoes on 18, giving a profit of 2/18 × 100 = 11.11%.