A retailer bought a dozen shirts for ₹3600. He sold each shirt at ₹350. What is his total profit or loss percentage?
Show answer & explanation
Correct answer: B
Explanation
One dozen = 12 shirts
Total selling price = 12 × 350 = ₹4200
Profit = 4200 - 3600 = ₹600
Profit percentage = 600/3600 × 100 = 16.67%