A shopkeeper purchased 120 pears for ₹15 each. However, 10 pears were rotten and thrown away. The remaining sold at ₹18 each. What will be the percentage profit?
Answer & explanation
Correct answer: option 2
Cost of 1 pear = 15
Cost of 120 pears = 120 × 15 = 1800
10 are rotten and thrown away then,
SP of 1 pear = 18
SP of 120 pears = 110 × 18 = Rs. 1980
Hence, Profit = 1980 – 1800 = 180
Profit percentage = \(\frac{180}{1800}\) × 100 = 10%