Multiple choice

A man bought 20 dozens pencils at the rate of 4 for Rs. 5 and sold them at the rate of 5 for Rs. 8. His profit percent is

  1. $24.5%$
  2. $25%$
  3. $26.5%$
  4. $28%$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost price = (20 × 12) × (5/4) = 240 × 1.25 = Rs. 300. Selling price = 240 × (8/5) = 240 × 1.6 = Rs. 384. Profit = 384 - 300 = Rs. 84. Profit percent = (84/300) × 100 = 28%.