WBCS.LIVE practice question

10 dozen of chocolates are purchased at the rate of Rs.10 per dozen and sold at the rate of Rs.2 per piece. If the merchant spends Rs.50 on fare, find the percentage profit.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 60%
  2. 18%
  3. 50%
  4. 40%

Correct answer and explanation

Correct answer: 60%