Jimmy bought paper sheets for Rs. 7200 and spent Rs. 200 on transport paying Rs. 600 he had 330 boxes made, which he sold at Rs. 28 each. What is his profit percentage?
Correct Answer: 15.5
Explanation:
C.P. of 330 boxes = Rs. (7200 + 200 + 600) = Rs.8000
S.P. of 330 boxes = Rs. (330 x 28) = Rs. 9240
∴ Gain % = (1240 / 8000) x 100 % = 15.5%
