Question 84

A shopkeeper bought 84 identical shirts priced at Rs. 240 each. He spent a total of Rs. 3200 on transportation and packaging. He put the label of marked price of Rs.420 on each shirt. He offered a discount of 15% on each shirt at the marked price. What is the total profit of the shopkeeper in the whole transaction ?

Solution

total cost of buying 84 shirts at Rs 240 each = Rs(84x240) = Rs 20160

Transportation cost = Rs 3200

Total cost = 3200 + 20160 = Rs 23360

As 15 % discount is given on marked price of 420 so selling price = 0.85 x 420 = Rs 357

total selling price of 84 shirts = 84 x 357 = Rs 29988

Total profit = 29988 - 23360 = Rs 6628

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