Rishi bought some pens at the rate of ₹180/dozen. He sold them for ₹21 each. His profit percentage is ______%.
- AOption (a)
40
- BOption (b)
38
- COption (c)
44
- DOption (d)
42
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Correct answer
40
Why this answer is correct
Shortcut Trick
CP of 1 pen = 180 ÷ 12 = ₹15
SP of 1 pen = ₹21
Profit = 21 − 15 = ₹6
Profit % = (6 ÷ 15) × 100 = 40%
∴ The correct answer is 40%.
Alternate Method
Given:
CP of 1 dozen pens = ₹180
Number of pens in 1 dozen = 12
SP of 1 pen = ₹21
Formula Used:
Profit = SP − CP
Profit % = (Profit ÷ CP) × 100
CP = ₹15
Profit = ₹6
SP = ₹21
Profit % = (6 ÷ 15) × 100 = 40%
Calculations:
⇒ CP of 1 pen = 180 ÷ 12 = ₹15
⇒ Profit on 1 pen = SP − CP = 21 − 15 = ₹6
⇒ Profit % = (6 ÷ 15) × 100
⇒ Profit % = (2 ÷ 5) × 100 = 40%
∴ The correct answer is 40%.
Additional Information
Loss Percentage
When Cost Price (CP) is greater than Selling Price (SP), there is a loss. Loss % = (Loss ÷ CP) × 100.
Selling Price Formula (with Profit %)
SP = CP × (100 + Profit %) ÷ 100
Marked Price & Discount
Discount is always calculated on Marked Price (MP). SP = MP − Discount.