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

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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)

A. 65.05%

B. 33.33%

C. 50.55%

D. 66.67%

Answer: Option D

Solution(By Examveda Team)

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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