Given:
- Cost price of 12 pairs of shoes = ₹22,400
- Overhead expenses = ₹1,600
- Selling price of 12 pairs = ₹28,500
Formula Used:
- Total Cost Price (CP) = Cost Price + Overheads
- Profit = Selling Price (SP) − Cost Price (CP)
- Profit % = × 100
Solution:
Total CP = ₹22,400 + ₹1,600 = ₹24,000
SP = ₹28,500
Profit = SP − CP = ₹28,500 − ₹24,000 = ₹4,500
Profit % = () × 100 = 18.75%
Final Answer: 18.75%
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