A shopkeeper purchased 150 identical pieces of calculators at the rate of Rs. 250 each. He spent an amount of Rs. 2500 on transport and packing. He fixed the labelled price of each calculator at Rs. 320. However, he decided to give a discount of 5% on labelled price. What is the percentage profit earned by him ?
A. 14%
B. 15%
C. 16%
D. 20%
E. None of these
Answer: Option A
Solution(By Examveda Team)
$$\eqalign{ & {\text{Cost of each calculator}} \cr & {\text{ = Rs}}{\text{.}}\left( {250 + \frac{{2500}}{{150}}} \right) \cr & = {\text{Rs}}{\text{. 266}}\frac{2}{3} \cr & {\text{S}}{\text{.P}}{\text{. of each calculator}} \cr & {\text{ = Rs}}{\text{.}}\left( {\frac{{95}}{{100}} \times 320} \right) \cr & = {\text{Rs}}{\text{. 304}}{\text{}} \cr & \therefore {\text{ Profit }}\% \cr & {\text{ = }}\left( {\frac{{112}}{3} \times \frac{3}{{800}} \times 100} \right)\% \cr & = 14\% \cr} $$Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
Join The Discussion