Profit and Loss Practice Test 9

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Question : 35 of 40

Marks: +1, -0

Jimmy bought paper sheets for Rs. 7200 and spent Rs. 200 in transport. Paying Rs. 600 he had 330boxes made, which he sold at Rs. 28 each. What is his profit percentage?

15.5
40
50
None of these

Solution:

C.P. of 1 box

={7200+200+600}/330=800/33

Hence, Gain%

={28-800/33}/{800/33}×100

=124/800×100=15.5%

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