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Profit Percentage
Jameel bought paper sheets for Rs. 7200 and spent Rs. 200 on transport. Paying Rs. 600, he had 330 boxes made, which he sold at Rs. 28 each. What is his profit percentage?
Explanation and memory cue
The total cost price includes the cost of paper sheets (Rs. 7200), transport (Rs. 200), and making boxes (Rs. 600), totaling Rs. 8000. The total selling price is 330 boxes × Rs. 28 = Rs. 9240. The profit is Rs. 9240 - Rs. 8000 = Rs. 1240. The profit percentage is (1240 / 8000) × 100 = 15.5%. Therefore, the correct answer is option A (15.5%).