Question
Download Solution PDFA ream of 500 pages is bought for ₹280, and packets of 25 pages are made from it. Each packet is sold for ₹18. Find the percentage profit or loss. (Rounded off up to one decimal place).
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven
Cost of 500 pages: ₹280
Selling price of 25 pages: ₹18
Concept:
Profit% = (Selling Price - Cost Price) / Cost Price * 100%
Solution:
Cost price of 25 pages = (280 / 500) × 25 ⇒ ₹14
Profit for 25 pages = 18 - 14 ⇒ ₹4
Profit% = (4 / 14) × 100% ⇒ approximately 28.6% profit
Therefore, the profit percentage is approximately 28.6%.
Last updated on Jul 8, 2025
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