Janki purchased 10 dozen of corn at the rate of Rs. 180 per dozen. She sold each corn at the rate of Rs. 22. What was her percent profit?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 46.6%.
Total cost price = 10 × 180 = Rs. 1800
Total number of corn = 10 × 12 = 120
Total selling price = 22 × 120 = Rs. 2640
Profit = 2640 - 1800 = Rs. 840
Percent profit = (840/1800) × 100 = 46.666... % ≈ 46.6%