Multiple choice

Chocolate bar is sold at a rate of Rs. 33 each. If the cost price of 240 chocolate bars is at the rate of Rs. 375 for a dozen, what is the percentage profit?

  1. 5.6%

  2. 4.5%

  3. 3.5%

  4. 3%

  5. 2.5%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Cost price of 12 bars = 375. Cost price of 1 bar = 375/12 = 31.25. Selling price = 33. Profit = 33 - 31.25 = 1.75. Profit % = (1.75 / 31.25) * 100 = 5.6%.

AI explanation

The cost price of one dozen bars is Rs. 375, so the cost price of a single bar is 375 / 12 = Rs. 31.25. Given the selling price of each bar is Rs. 33, the profit is 33 - 31.25 = Rs. 1.75. Using the profit percentage formula, (Profit / Cost Price) * 100, the calculation is (1.75 / 31.25) * 100. The profit percentage is 5.6%.

Keep practicing — related questions