Multiple choice

If Ram buys a dozen tables for Rs 8000 and sells each table for Rs 800, what will be his profit percentage?

  1. 30%

  2. 25%

  3. 15%

  4. 20%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Ram buys 12 tables for Rs 8000, so cost price per table is Rs 8000/12 ≈ Rs 666.67. He sells each for Rs 800, so profit per table is Rs 133.33. Profit percentage = (133.33/666.67) × 100 = 20%. Alternatively, total selling price = 12 × 800 = Rs 9600, total profit = 9600 - 8000 = Rs 1600, profit% = (1600/8000) × 100 = 20%.

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