Profit and loss

Quantitative Aptitude (SBI-PO)

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A shopkeeper bought 150 calculators at the rate of Rs. 250 per calculator. He spent Rs. 2500 on transportation and packing. If the market price of calculator is Rs. 320 per calculator and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper ?

20%

14%

15%

16%

Explanation:

C.P. of 150 calculators = 150 x 250 = Rs. 37500
∴ Total C.P. = 37500 + 2500 = Rs. 40000
Marked price of 150 calculator = 150 x 320 = Rs. 48000
Selling price after discount = 48000 x 95 / 100 = Rs. 45600
∴ percentage profit = [(45600 - 40000) / 40000] x 100 = 14%

Hence, option 2 is the correct answer.

By: Amit Kumar

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