A shopkeeper bought 240 chocolates for ₹9 per dozen. If he sold all of them at ₹1 each, what was his profit percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 33%
Given that
The C.P. of 12 chocolates is ₹9
Then, the C.P. of 240 chocolates is (9/12) × 240 = ₹180
The S.P. of all 240 chocolates at ₹1 each = 240 × 1 = ₹240
Formula used
Profit % = [(S.P. - C.P.)/C.P.] × 100
Calculation
Profit % = [(240 - 180)/180] × 100
= (60/180) × 100 = 100/3 = 33%