A shopkeeper purchased 59 dozens of articles at the rate of ₹728 per dozen. He sold each one of them at the rate of ₹91. What percentage profit did he make?
Given:
Cost Price (CP) = ₹728 per dozen
Quantity = 59 dozens
Selling Price (SP) = ₹91 per article
Formula Used:
Total CP = Rate per dozen × Number of dozens
Total SP = Selling price per article × Total articles
Profit % =
Solution:
Total articles = 59 × 12 = 708
Total CP = ₹728 × 59 = ₹42,952
Total SP = ₹91 × 708 = ₹64,428
Profit = ₹64,428 − ₹42,952 = ₹21,476
Profit % =
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