Question

A shopkeeper bought 480 chocolates at Rs. 6 Per dozen , if he sold all of them at 0.75 each , what's the profit percentage ?

Answer 1

Step-by-step explanation:

cost price =480*6/12=40*6=240

selling price=480*75/100=120*3=360

profit=360-240=120

profit%=120/240 *100

=50%

Answer 2

Given:

A shopkeeper bought 480 chocolates at Rs. 6 Per dozen, if he sold all of them at 0.75 each

To Find:

What is the profit percentage?

Solution:

It is given that the cost of one dozen chocolate is Rs6 so the cost of one chocolate will be,

Cost of 1 chocolate= 6/12

                               =Rs 0.5

So the cost of 480 chocolates will be,

Cost of 480 chocolates= 480*0.5

                                       = Rs 240

Now the selling price of 1 chocolate is Rs0.75 so if he sells all the chocolates the selling price for all of them will,

The selling price of 480 chocolates =480*0.75

                                                            = Rs 360

Now the profit percentage can be calculated by the formula,

$Profit \%=\frac{SP-CP}{CP} *100$

Now putting the values in the formula we have,

[tex]Profit\%=\frac{360-240}{240}*100\\ =50\%[/tex]

Hence, the profit percentage is 50%.