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Profit, Loss & Discount · Question 23 of 72

Question 23

MediumOriginal question

By selling 36 packets of biscuits, a shopkeeper gains the selling price of 6 packets. What is his profit percentage?

16\frac{2}{3}\%

Correct answerYour answer18%Correct answerYour answer20%Correct answerYour answer25%Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Profit = SP of 6 packets, so CP of 36 packets = SP of $36 - 6 = 30$ packets.
Profit ÷ CP = SP of 6 ÷ SP of 30.
Profit % = $\frac{6}{30} \times 100 = 20\%$ .

Worth noting

$\frac{6}{36} = 16\frac{2}{3}\%$ compares the profit with the SP, not the CP.

Concept: Profit expressed as the SP of some items
Typical timeTypical: 55 s
Your timeYours: —

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