Multiple Choice Questions on A shopkeeper bought 150 calculators at the rate of Rs 250 per calculator He spent Rs 2500 on t........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A shopkeeper bought 150 calculators at the rate of Rs 250 per calculator He spent Rs 2500 on t...........

Quantitative Aptitude ( CCS) Profit and loss
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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 marked 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 ?

    14%

    Correct Answer

    15%

    Incorrect Answer

    16%

    Incorrect Answer

    2%

    Incorrect Answer
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    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%

    By: Deepak Dawra
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