A shopkeeper bought 35 lamps for ₹200 each. He then sold 20 lamps at ₹250 each and the remaining at ₹110 each. Calculate his profit or loss percent
Answers
Step-by-step explanation:
COST OF 35 LAMPS = Rs. 7000
SELLING PRICE OF 20 LAMPS = Rs.5000
SELLING PRICE OF 15 LAMPS = Rs. 1650
TOTAL SELLING PRICE = Rs. 6650
LOSS = SELLING PRICE - COST PRICE
= 6650 - 7000
= Rs. 350
LOSS% = LOSS/ COST PRICE * 100
= 350/7000 * 100
= 5%
Answer:
Shopkeeper's loss is 5% on selling 35 lamps
Step-by-step explanation:
C.P of 1 lamp = Rs. 200
C.P of 35 lamps = 35 × 200 = Rs. 7000
S.P of 1 lamp =Rs 250
S.P of 20 lamps = 20 × 250 = Rs. 5000
Again, S.P of 1 lamp = Rs. 110
S.P of (35 - 20)=15 lamps = 15 × 110 = Rs.1650
Total S.P = S.P of 20 lamps + S.P of 15 lamps = Rs. 5000 + 1650 = Rs.6650
S.P < C.P
Loss = C.P - S.P =Rs.7000 - Rs. 6650 = Rs. 350
% loss = (loss / C.P ) × 100
= ( 350 /7000 ) × 100
= 35000/7000 =5%