Question:
A shopkeeper purchased 150 identical pieces of calculators at the rate of Rs. 250 each. He spent an amountof Rs. 2500 on transport and packaging. He fixed the labelled price of each calculator at Rs.320. However, he decided to give a discount of 5% on the labelled price. Whatis the percentage profit earned by him?
A shopkeeper purchased 150 identical pieces of calculators at the rate of Rs. 250 each. He spent an amountof Rs. 2500 on transport and packaging. He fixed the labelled price of each calculator at Rs.320. However, he decided to give a discount of 5% on the labelled price. Whatis the percentage profit earned by him?
Updated On: Oct 4, 2024
- 14\(\%\)
- 15\(\%\)
- 16\(\%\)
- 20\(\%\)
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The Correct Option is A
Solution and Explanation
The correct is option(A):Total Cost Price = (150\(\times\)250) + 2500 = Rs.40,000
Total Marked Price = 150\(\times\)320 = Rs.48,000
Price after 5\(\%\) discount = \(\frac{95}{100}\)\(\times\)48,000 = Rs.45,600
\(\therefore\) Profit\(\%\) = \(\frac{45,600-40,000}{40,000}\)\(\times\)100 = 14\(\%\)
Total Marked Price = 150\(\times\)320 = Rs.48,000
Price after 5\(\%\) discount = \(\frac{95}{100}\)\(\times\)48,000 = Rs.45,600
\(\therefore\) Profit\(\%\) = \(\frac{45,600-40,000}{40,000}\)\(\times\)100 = 14\(\%\)
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