Question 50

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 percentageprofit earned by him?

Solution

Total cost price = $$(150\times250)+2500=Rs.$$ $$40,000$$

Total marked price = $$150\times320=Rs.$$ $$48,000$$

Total Selling price after 5% discount = $$\frac{95}{100}\times48,000=Rs.$$ $$45,600$$

$$\therefore$$ Profit % = $$\frac{(45600-40000)}{40000}\times100$$

= $$\frac{5600}{400}=14\%$$

=> Ans - (A)

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