A shopkeeper purchased 120 pears for ₹15 each. However, 10 pears were rotten and thrown away. The remaining sold at ₹18 each. What will be the percentage profit?
A shopkeeper purchased 120 pears for ₹15 each.
Total cost price = $$120\times15$$ = ₹1800
However, 10 pears were rotten and thrown away. The remaining sold at ₹18 each.
Total selling price = $$(120-10)\times18$$
= $$110\times18$$
= 1980
profit percentage = $$\frac{(total\ selling\ price-total\ \cos t\ price)}{total\ \cos t\ price}\times100$$
= $$\frac{\left(1980\ -\ 1800\right)}{1800}\times\ 100$$
= $$\frac{180}{1800}\times100$$
= 10%
Create a FREE account and get: