SOLUTION: A Merchant purchased 12 shirts @rs. 16 each. he had incurred an expense of Rs. 114.00 for transportation and taxes on all shirts. if he sells a shirt at Rs 30 each how much amount
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Question 328303: A Merchant purchased 12 shirts @rs. 16 each. he had incurred an expense of Rs. 114.00 for transportation and taxes on all shirts. if he sells a shirt at Rs 30 each how much amount of profit he earned and what is the percentage of his profit with regard to his actual cost. Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! 12 shirts Rs 16 each
12 shirts cost 12*16 =Rs192
Add transportation and taxes = 114
192+114 = Rs306--- Total cost
..
selling price = RS. 30 per shirt
12 shirts = 12 *30 = Rs 360
..
Profit = SP-CP
360-306=Rs.54
He made a profit of Rs 54 on Rs 304
(54/100)*304
= 17.76 %
