Question 82

If a wholesaler, sells a box of chocolates at Rs 960 he gains 20%. Now if he decides to sell it at Rs 1120, what is his profit percentage?

Solution

$$\frac{100+20}{100} \times CP= 960$$

$$\frac{120}{100} \times CP= 960$$

$$CP = 800$$

if he decides to sell it at Rs 1120

profit = 1120 - 800 = 320

%$$profit = \frac{320}{800} \times 100 = 40$$%

So the answer is option B.

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