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Profit, Loss & Discount · Question 21 of 72

Question 21

MediumOriginal question

A tea merchant buys 50 kg of tea at ₹360 per kg and pays ₹500 for transport. He sells all of it at ₹400 per kg. What is his profit percentage, correct to one decimal place?

Options for question 21

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. Total cost = 50 × ₹360 + ₹500 = ₹18,500.

  2. Selling price = 50 × ₹400 = ₹20,000.

  3. Profit = ₹1,500, so profit % = 150018500×100≈8.1%\frac{1500}{18500} \times 100 \approx 8.1\%.

Worth noting

Transport is an overhead and goes into the CP. Leaving it out gives 11.1%. 7.5% divides by the SP.

Concept
Profit % with transport overheads
Typical time
70 s
Your time
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The rule this testsProfit and loss
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