Multiple choice

A supermarket chain buys 120 cartons of juice at a bulk discount price of Rs. 10 per carton. They plan to sell each carton at a retail price of Rs. 15. During festivals, they offer a 5% discount on the retail price. What is the percentage profit the supermarket chain makes after applying the discount?

  1. 24.5%

  2. 25.4%

  3. 42.5%

  4. 52.4%

  5. 54.2%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost price is 10. Retail price is 15. Discounted price is 15 * 0.95 = 14.25. Profit is 14.25 - 10 = 4.25. Percentage profit is (4.25 / 10) * 100 = 42.5%.

AI explanation

The discounted retail price is 15 minus 5% of 15, which equals 14.25. The cost price per carton is 10, so the profit per carton is 14.25 minus 10, or 4.25. The profit percentage is 4.25 divided by 10 times 100, which equals 42.5%.

Keep practicing — related questions