Study the given table and answer the question that follows.
The table shows the total number of batteries sold by a company (in lakhs) over the years.
A seller sells two shirts for Rs. 3,360. The cost of four such shirts for the shopkeeper was Rs. 5,600. What is the profit/loss percentage on each shirt?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 20% profit.
CP per shirt = 5600/4 = 1400
SP per shirt = 3360/2 = 1680
Profit per shirt = 1680 - 1400 = 280
Profit percentage = (280/1400) × 100 = 20%