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Jameel bought paper sheets for Rs. 7200 and spent Rs. 200 on transport. Paying Rs 600 he had 330 boxes made. Which he said at Rs. 28 each. What is his profit Percentage?

Correct answer: A. 15.5

  • A. 15.5
  • B. 40
  • C. 60
  • D. None of these

Explanation

Total cost = Rs. 7,200 + Rs. 200 + Rs. 600 = Rs. 8,000. Total selling price = 330 × Rs. 28 = Rs. 9,240, so profit = Rs. 9,240 - Rs. 8,000 = Rs. 1,240 and profit percentage = (Rs. 1,240 ÷ Rs. 8,000) × 100 = 15.5%. The common mistake is to omit transport or box-making cost and calculate profit on an incomplete cost.

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Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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