Question

A person buys $100$ caps at Rs. $10$ each. On the way $10$ caps are Stolen. He sells the remaining caps at Rs. $12$ each. His Profit per cent is ?

• A. $5$%
• B. $6$%
• C. $7$%
• D. $8$%

Answer 1

The correct option is D $8$%

Person buys 100 caps at Rs 10 each.

So, Cost Price (CP) $=100\times 10=1000Rs$

10 caps are stolen. Remaining $100-10=90$ are sold at Rs 12 each.

So, Selling Price (SP) $=90\times 12=1080Rs$

$\therefore Profit=SP-CP=1080-1000=80Rs$

$\Rightarrow Profitpercentage=\frac{profit\times 100}{CP}=\frac{80\times 100}{1000}=8\%$