Question
Download Solution PDFJanki 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?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Janki purchased 10 dozen corn at the rate of Rs. 180 per dozen.
She sold each corn at the rate of Rs. 22.
Formula:
Cost Price (CP) = Cost of 1 dozen of corn = Rs. 180
Selling Price (SP) = Rs. 22
Profit = SP - CP
Profit Percentage = (Profit /CP) × 100
Calculation:
To solve this problem, we need to find the total cost of 10 dozen of corn, the total selling price of all the corn, and then calculate the profit percentage.
Total Cost Price = 10 × CP = 10 × 180 = Rs. 1800
Total Selling Price = Number of corn sold × SP = 120 × 22 = Rs. 2640
Profit = Selling Price - Cost Price = 2640 - 1800 = Rs. 840
Profit Percentage = (Profit/CP) × 100 = (840/1800) × 100 = 46.67%
Therefore, Janki's percent profit is 46.67%.
Last updated on Jun 26, 2025
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