If Ram buys a dozen table for Rs 8000 and sells each table for Rs 800, what will be his profit percentage?

Options

A. `10%`
B. `15%`
C. `20%`
D. `25%`

Answer

To find Ram's profit percentage, we can follow these steps:

### Step 1: Determine the Cost Price (CP)
Ram buys a dozen tables for Rs. 8000. Since a dozen means 12 tables, the cost price (CP) of each table can be calculated as:
\[ \text{Cost Price per table} = \frac{\text{Total Cost Price}}{\text{Number of tables}} = \frac{8000}{12} \]
Calculating this gives:
\[ \text{Cost Price per table} = \frac{8000}{12} \approx 666.67 \]

### Step 2: Determine the Selling Price (SP)
Ram sells each table for Rs. 800. Thus, the selling price (SP) of each table is:
\[ \text{Selling Price per table} = 800 \]

### Step 3: Calculate Profit per Table
Profit can be calculated using the formula:
\[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \]
Substituting the values we have:
\[ \text{Profit} = 800 - 666.67 = 133.33 \]

### Step 4: Calculate Profit Percentage
Profit percentage can be calculated using the formula:
\[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 \]
Substituting the values we have:
\[ \text{Profit Percentage} = \left( \frac{133.33}{666.67} \right) \times 100 \]
Calculating this gives:
\[ \text{Profit Percentage} \approx 20\% \]

### Final Answer
Ram's profit percentage is approximately **20%**.

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