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A bookseller buys 27 books from a wholesaler at an MRP of 21 books. If the bookseller sells all the books at MRP, find his percentage profit.

A bookseller buys 27 books from a wholesaler at an MRP of 21 books. If the bookseller sells all the books at MRP, find his percentage profit. Correct Answer 28.56%

Given:

Bookseller buys 27 books from a wholesaler at MRP of 21 books.

Formula used:

Percentage profit = × 100 = × 100

Calculation:

Let the MRP of each book be Rs. 1

The bookseller buys 27 books from a wholesaler at MRP of 21 books.

∴ The cost price of 27 books for bookseller = MRP of 21 books = Rs. 21

The bookseller sells all the books at MRP

∴ The selling price of 27 books for the bookseller is = MRP of 27 books = Rs. 27

∴ Profit% for bookseller =

⇒ 

⇒ 6/21 × 100

⇒ 2/7 × 100

⇒ 28.56%

∴ The profit% for the bookseller is 28.56% 

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