Ram buys 25 books at Rs. 10 each. If he sells the books at Rs. 300, how much profit does he make on each book?
A
25%
B
30%
C
15%
D
20%
Correct Option:
D
Explanation
Cost of 25 books = 25×₹10=₹250. Selling price = ₹300, so profit = ₹50. Profit percentage is (50/250)×100=20%. This is equivalent to a ₹2 profit on each ₹10 book.
