30 dozens of nuts were bought for ₹14400. If the nuts are sold in a packet of 5 for ₹250, then how much profit is earned?
Answer & explanation
Correct answer: option 2
30 dozens of nuts were bought for ₹14400
cost price of 1 nut = \(\frac{14400}{12 × 30}\) = 40
Selling price of 5 nut = 250
SP of one = 50
so profit = 50 - 40 = 10 on one nut.
Profit on 30 dozen nut = 10 × 30 × 12 = 3600