Question

A shopkeeper bought 480 gift articles at the rate of rs.18000.He sold each of them at the rate of 66.what was his profit percentage ?

Answer 1

His profit percentage is 76%.

Given:

A shopkeeper bought 480 gift articles at the rate of Rs. 18000.

He sold each of them at the rate of Rs. 66.

To Find:

The shopkeeper's profit percentage.

Solution:

We are given that a shopkeeper bought 480 gift articles at the rate of Rs. 18000.

⇒ The total cost price, CP = Rs. 18000

Now, we are told that he sells each of the articles at the rate of Rs. 66 each.

⇒ The price at which he sells 480 articles = 66 x 480 = 31680.

⇒ The total selling price, SP = Rs. 31680.

The profit earned is found by computing the subtracting between CP from SP.

∴ Profit = SP - CP = 31680 - 18000 = 13680.

Now,

Profit percentage = $\frac{SP&\ - CP}{CP}$ x 100 = 13680/18000 x 100 = 0.76 x 100 = 76%

Hence, his profit percentage is 76%.

#SPJ2

Answer 2

Answer:

His profit percentage is 76%.

Step-by-step explanation:

Given: A shopkeeper bought 480 gift articles at the rate of Rs. 18000.

He sold each of them at the rate of Rs. 66.

To Find: The shopkeeper's profit percentage.

Solution:

We are given that a shopkeeper bought 480 gift articles at the rate of Rs. 18000.

= The total cost price,

CP = Rs. 18000

Now, we are told that he sells each of the articles at the rate of Rs. 66 each.

= The price at which he sells 480 articles = 66 x 480 = 31680.

= The total selling price, SP = Rs. 31680.

The profit earned is found by computing the subtracting between CP from SP.

∴ Profit =

SP - CP = 31680 - 18000 = 13680.

Now,

Profit percentage = SP - CP /CP  x 100

= 13680/18000 x 100

= 0.76 x 100 = 76%

Hence, his profit percentage is 76%.

#SPJ2