Ashish bought some rulers at the rate of ₹180/dozen. He sold them for Rs. 24 each. His profit percentage is ______%.
Given:
Cost price of rulers = Rs. 180 per dozen
Selling price of one ruler = Rs. 24
Find the profit percentage.
Formula Used:
Profit % =
Solution:
Cost price of 1 dozen (12 rulers) = Rs. 180
Cost price per ruler = = 15
Selling price per ruler = Rs. 24
Profit per ruler: 24 - 15 = 9
Profit percentage: = 60%
Alternate Solution:
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