Question

A shopkeeper bought 5 T shirts at the rate Rs. 200/- each and sold them at Rs. 220, 240, 260, 280 and 300. What was his total percentage profit?​

Answer 1

Answer:

30 % is the correct answer .

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Answer 2

Answer:

The total profit percentage of the shopkeeper is 30%.

Step-by-step explanation:

As we know, the formula

Profit Percentage = $\frac{\text { Profit }}{\text { CostPrice }(\text { C.P) }} \times 100$

Before applying the formula we should have to find the profit the shopkeeper made. To find the profit, we need to use the formula,

Profit = Selling Price (SP) - Cost Price (CP)

Profit = 1300 - 1000  [here the SP is the total sum of the amount at which he sold the dress and CP is the total amount at which he bought the dress]

Profit = 300/-

Now according to the formula,

Profit Percentage = $\frac{300}{1000} \times 100$

Profit Percentage = 30%.

∴ The total profit percentage of the shopkeeper is 30%.

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