A notebook was sold for Rs. 28 with a profit of 12%. If it had been sold for Rs. 26.25, then what would have been the profit percentage?

Given:

Selling price of notebook = Rs 28

Profit Percentage = 12%

New selling price of notebook = 26.25

Concept Used:

Cost Price = (100/100 + profit%) × Selling price

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Calculation:

Cost Price of pen = (100/100 + 12%) × 28"> <math xmlns="/"><mn> <math xmlns="/"><mn> <math xmlns="/"><mn> <math xmlns="/"><mn> <math xmlns="/"><mn>

Cost Price of pen = ( 25/28)× 28 

= 25 Rs

When the pen is sold at Rs 26.25,

⇒ Profit = Selling Price – Cost Price

⇒ Profit = 26.25 – 25 = Rs 1.25

⇒ So, Profit % =(1.25/25) × 100

⇒ 5%

The profit percentage will be 5%.