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A shopkeeper purchased pens in bulk for Rs. 28 each. He sold each for Rs. 40. What was his profit percentage?1. 28.40%2. 48.12%3. 42.85%4. 38.75% |
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Answer» Correct Answer - Option 3 : 42.85% Ans: 3 Given: Cost price for one pen is = 28 Rs. Selling price for one pen is = 40 Rs. Formula used: Profit percent = \(\frac{{selling\;price - cost\;price}}{{cost\;price}}\) × 100 Calculation: Cost price for one pen is = 28 Rs. Selling price for one pen is = 40 Rs. difference between selling price and cost price = 40 - 28 = 12 Rs. profit percent = \(\frac{{12}}{{28}}\) × 100 = 42.85% ∴ Profit percent for the shopkeeper is 42.85%. |
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