Question

A shopkeeper bought 1000 coconuts for Rs 8500, out of which 50 coconuts were spoiled. He sold the remaining coconuts for Rs 12 each. Find the profit and profit percentage earned by the shopkeeper.

Answer 1

12.23% prifit in the coconut business

Answer 2

Dear Student,

◆ Answer -

Profit = 2900 Rs

Profit % = 34.12 %

● Explanation -

Given that cost price of coconuts is Rs 8500.

CP = Rs 8500

Total selling price of coconuts is calculated by -

SP = (1000-50) × 12

SP = Rs 11400

Now, total profit to the shopkeeper is -

Profit = SP - CP

Profit = 11400 - 8500

Profit = 2900 Rs

Profit percentage to the shopkeeper is -

Profit % = Profit/CP × 100

Profit % = 2900/8500 × 100

Profit % = 34.12 %

Hope that is helpful...