A stationery seller purchases 6 notebooks for ₹30 and sells them for ₹36. What is his profit percentage?
- AOption (a)
20%
- BOption (b)
120%
- COption (c)
16.67%
- DOption (d)
6%
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Correct answer
20%
Why this answer is correct
Shortcut Trick
Total Cost Price (CP) of 6 notebooks = ₹30.
Total Selling Price (SP) of 6 notebooks = ₹36.
Multiplier for SP = CP × (100 + P%) ÷ 100.
Profit% = (SP − CP) ÷ CP × 100 = (36 − 30) ÷ 30 × 100.
Profit% = 6 ÷ 30 × 100 = 1 ÷ 5 × 100 = 20%.
∴ The correct answer is 20%.
Alternate Method
Given: CP of 6 notebooks = ₹30; SP of 6 notebooks = ₹36.
Formulas: Profit = SP − CP | Profit% = (Profit ÷ CP) × 100
⇒ Cost Price (CP) of 1 notebook = 30 ÷ 6 = ₹5.
⇒ Selling Price (SP) of 1 notebook = 36 ÷ 6 = ₹6.
⇒ Profit per notebook = SP − CP = 6 − 5 = ₹1.
⇒ Profit Percentage = (1 ÷ 5) × 100 = 20%.
∴ The correct answer is 20%.
Additional Information
Profit and Loss Basics
Profit occurs when Selling Price is greater than Cost Price. It is always calculated on the Cost Price unless specified otherwise.
Unitary Method
To find profit percentage, you can compare the total CP and total SP for the same quantity of items, or find the price per single unit.