Profit & Loss · Question 25 · Medium
Profit & Loss question 25
A dealer buys 80 LED bulbs at ₹50 each. 8 of them turn out to be defective and are thrown away. He sells the rest at ₹60 each. What is his profit percentage?
- 20%
- 10%
- 8%
- 12%
Answer and explanation
Answer: C. 8%
Explanation: CP = 80 × 50 = ₹4,000. SP = 72 × 60 = ₹4,320. Profit = ₹320, so profit % = 320/4000 × 100 = 8%.
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