Question

A man brought cardboard shut for Rs 3600 and spent Rs 100 on transport paying Rs 300for labour. he had 330 boxes made, which he sold at Rs 14 each.find the profit percent.

Answer 1

Profit Percentage is calculated by the following formula:

Profit Percentage = [(Sale Price - Cost Price) / Cost Price ] x 100

Here Sale Price is Rs. 14. Lets calculate the Cost Price.

Total cost for making 330 boxes = 3600+100+300=Rs.4000.
Hence price per box = Rs. 12.12 (this is the cost price)

Hence profit percentage = [(14 - 12.12)/12.12 ] x 100 = 15.51%

So by selling his boxes for Rs. 14, he will end up making a profit of 15.51% per box.