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A shopkeeper bought toffees at a rate of 10 for Rs...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
?

A shopkeeper bought toffees at a rate of 10 for Rs. 15 and sold them at a rate of 16 for Rs. 40. Find his profit percentage. (correct to two decimal places)

Answer & Solution
Correct Answer: Option D
Cost price of 10 toffees = Rs. 15
Cost price of 80 toffees = Rs. 120
Selling price of 16 toffees = Rs. 40
Selling price of 80 toffees = Rs. 200
∴ Profit = 200 - 120 = Rs. 80
∴ Profit % = $$\frac{{80}}{{120}}$$ × 100 = 66.67%
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