Question

A cloth merchant bought $35$ shirts, each at a price of $Rs280$. He sold each of them for $Rs.308$. Find his percentage profit.

• A. 10%
• B. 15%
• C. 20%
• D. 25%

Answer 1

Answer: (A)

10%

The profit percentage remains same for one unit as well for all the units.

$CP=Rs.280$.

$SP=Rs.308$.

Profit $=SP-CP=308–280=Rs.28$.

Now you need to apply profit percentage formula for the same.

Profit percentage $=100\times \frac{28}{280}=\frac{2800}{280}=10\%$