New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Ravi bought jackets at Rs. 350 each and sold them for Rs.

    450 apiece. He also incurred an extra cost of Rs. 50 per jacket for transport and taxes. Calculate his profit percentage.
    A 15.5% Correct Answer Incorrect Answer
    B 25.5% Correct Answer Incorrect Answer
    C 12.5% Correct Answer Incorrect Answer
    D 21.1% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Effective cost price of each jacket = 350 + 50 = Rs. 400

    So, profit earned on each jacket = 450 - 400 = Rs. 50

    So, gain percentage = (50 / 400) × 100 = 12.5%

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