Question

A fruit merchant purchased 300 boxes of grapes at the rate of 5 boxes for Rs.30 and sold all the grapes at the rate 5 boxes for Rs.40. Percentage of his profit is:

• A. 30%
• B. 27 1/2%
• C. 35%
• D. 33 1/3%

Answer 1

Answer:

D. 33 1/3%

Cost price =300/5 * 30=1800 Selling price=300/5 * 40=2400 Profit = 2400-1800 = 600 profit %=profit/cost price * 100 =600/1800 * 100=100/3 = 33 1/3%