A trader buys 200 mixed stationery boxes at a rate of ₹120 each. He spends ₹1,800 on transportation and packaging. He sells 100 boxes at ₹150 each and the remaining at ₹130 each. What is his total profit percentage?
Show answer & explanation
Correct answer: B
Explanation
Given:
Number of cans = 200
Cost price per can = ₹120
Surplus expense = ₹1800
100 cans sold at ₹150 per can
100 cans sold at ₹130 per can
Total cost = 200 × 120 = 24000
Total cost = 24000 + 1800 = 25800
Total selling price = 100 × 150 + 100 × 130 = 28000
Profit = 28000 − 25800 = 2200
Profit percentage = (2200 / 25800) × 100 ≈ 8.53%