Multiple choice

A cloth merchant bought $35$ shirts, each at a price of $\ Rs 280$. He sold each of them for $\ Rs. 308$. Find his percentage profit.

  1. 10%

  2. 15%

  3. 20%

  4. 25%
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A Correct answer
Explanation

The cost price of each shirt is 280 and the selling price is 308. The profit per shirt is 308 - 280 = 28. The percentage profit is (28/280) * 100 = 10%.

AI explanation

The profit per shirt is the selling price minus the cost price, which is Rs 308 minus Rs 280, yielding Rs 28. Using the profit percentage formula, (Profit / Cost Price) times 100, we get (28 / 280) times 100. This results in a profit of 10%.

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