Vivek bought 5 dozen apples at the rate of Rs.15 per dozen. He spent Rs.15 on transportation. If he sold the apples at the rate of Rs.24 per dozen, what was his profit percentage?
25%
30%
33.33%
60%
Explanation:
The Cost Price (C.P) of 1 dozen apples = Rs.15.
Hence, the C.P of 5 dozen apples = 15 x 5 = Rs.75.
Adding Rs.15 towards transportation cost, the total cost price of 5 dozen apples becomes Rs.90.
Now, the Selling Price (S.P) of 1 dozen apples = Rs.24.
Hence, the Sales Revenue of 5 dozen apples = 24 x 5 = Rs.120.
Thus, Net Profit = Sales Revenue - Cost Price = 120 - 90 = Rs.30.
The Profit is always expressed as a percentage to cost price. Required answer = (30/90) x 100 = 33.33%. Ans.(3)
Short-cut: Cost of 5 dozen of apples including transportation charges = 15 + (15/3) = Rs.18.
Percentage profit = [(24-18)/18] x100=33.33% .
The Cost Price (C.P) of 1 dozen apples = Rs.15.
Hence, the C.P of 5 dozen apples = 15 x 5 = Rs.75.
Adding Rs.15 towards transportation cost, the total cost price of 5 dozen apples becomes Rs.90.
Now, the Selling Price (S.P) of 1 dozen apples = Rs.24.
Hence, the Sales Revenue of 5 dozen apples = 24 x 5 = Rs.120.
Thus, Net Profit = Sales Revenue - Cost Price = 120 - 90 = Rs.30.
The Profit is always expressed as a percentage to cost price. Required answer = (30/90) x 100 = 33.33%. Ans.(3)
Short-cut: Cost of 5 dozen of apples including transportation charges = 15 + (15/3) = Rs.18.
Percentage profit = [(24-18)/18] x100=33.33% .