Problema Solution
Jamal bought paper sheets for ₹ 7200 and spent ₹ 200 on transport . Paying ₹ 600, he had 330 boxes made, which he sold at ₹ 28 each . Find his total profit and profit %.
Answer provided by our tutors
Cost = 7200 + 200 + 600
Cost = 8,000
Revenue = 330*28
Revenue = 9,240
Profit = Revenue - Cost
Profit = 9,240 - 8,000
Profit = 1,240
Profit % = (1,240/8,000)*100
Profit % = 15.5%
The total profit was 1,240 or 15.5% of the cost.