22) A shopkeeper bough 65 chairs at the whole sale rate of 275 each. He spent
the selling price of the material
125 on transportation. He sold the chairs at the rate of 315.what is
profit percentage
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1
Answer :
13.75%
Step by Step Explanation :
Chairs bought - 65
Price of each chair - 275 INR
Cost Price of total chairs - 275 * 65
= 17,875 INR + 125 = 18000 INR
Money spent for transportation - 125 INR
Selling Price of each chair - 315 INR
Selling price of all chairs - 315 * 65
= 20,475 INR
So he got a profit of - 20475 - 18000 = 2475 INR
Profit Percentage = 2475/18000 * 100
= 13.75%
Ans - So he earned a profit percentage of 13.75%.
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