hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    A retailer bought a dozen shirts for ₹3600. He sold each shirt at ₹350. What is his total profit or loss percentage?
    Question

    A retailer bought a dozen shirts for ₹3600. He sold each shirt at ₹350. What is his total profit or loss percentage?

    A.

    15% profit

    B.

    16.67% profit

    C.

    10% loss

    D.

    12% profit

    Correct option is B

    Given
    Cost Price (CP) of 12 shirts = ₹ 3600
    Selling Price (SP) of 1 shirt = ₹ 350

    Formula Used
    Total SP = SP of 1 unit ×\times​ Total units
    Profit = Total SP - Total CP
    Profit Percentage = ProfitTotal CP×100 \frac{\text{Profit}}{\text{Total CP}} \times 100​​
    Solution
    Calculate the Total Selling Price of 12 shirts:
    Total SP = 12×350=4200 12 \times 350 = 4200​​
    Since SP > CP, there is a profit.
    Profit = 4200 - 3600 = 600
    Calculate the Profit Percentage:
    Profit % =  6003600×100\frac{600}{3600} \times 100​​

    Profit %  =16×100=16.666...%= \frac{1}{6} \times 100 = 16.666...\%​​
    Rounding off, it is 16.67% profit.

    Final Answer
    So the correct answer is (b)

    Free Tests

    Free
    Must Attempt

    SSC GD Constable Exam Day Based Mock 1

    languageIcon English
    • pdpQsnIcon80 Questions
    • pdpsheetsIcon160 Marks
    • timerIcon60 Mins
    languageIcon English
    Free
    Must Attempt

    SSC GD PYP (Held on 4 Feb 2025 S1)

    languageIcon English
    • pdpQsnIcon80 Questions
    • pdpsheetsIcon160 Marks
    • timerIcon60 Mins
    languageIcon English
    Free
    Must Attempt

    Mathematics Section Test 1

    languageIcon English
    • pdpQsnIcon20 Questions
    • pdpsheetsIcon40 Marks
    • timerIcon25 Mins
    languageIcon English

    Similar Questions

    test-prime-package

    Access ‘SSC Selection Post (Matriculation)’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    420k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow