Janki purchased 10 dozens of corn at the rate of Rs. 180 dozen. She sold each corn at the rate of Rs. 22. What was her percent profit ?
Answer & explanation
Correct answer: option 1
We know one dozen = 12 unit
10 dozen = 12 × 10 = 120 units
she purchased 10 dozens of corn at the rate of Rs. 180 dozen
so, the total cost = 10 × 180 = 1800
She sold each corn at the rate of Rs. 22 so the total selling = 22 × 120 = 2640
Profit percentage = \(\frac{(2640 - 1800) × 100}{1800}\) = 46.6%