A shopkeeper sells 15 kg of sugar for ₹450 and earns a profit equal to the selling price of 3 kg of sugar. What is the profit percentage?
Show answer & explanation
Correct answer: B
Explanation
Given:
Selling price of 15 kg of sugar = ₹450
Profit = equal to the selling price of 3 kg of sugar
Selling price of 1 kg = 450 / 15 = 30
Selling price of 3 kg = 3 × 30 = 90
Profit = 90
Cost price = 450 − 90 = 360
Profit percentage = (90 / 360) × 100 = 25%