A shopkeeper buys 700 pens for Rs. X per pen. He sells these 700 pens at Rs. Y per pen and with the revenue so generated, he buys another identical 1000 pens at Rs. X per pen, which he sells again at Rs. Y per pen. What would be his overall profit percentage on selling 1700 pens?
Answers
Given : A shopkeeper buys 700 pens for Rs. X per pen. He sells these 700 pens at Rs. Y per pen and with the revenue so generated, he buys another identical 1000 pens at Rs. X per pen, which he sells again at Rs. Y per pen.
To find : What would be his overall profit percentage on selling 1700 pens
Solution:
Pen Buy price = X Rs
Pen bought = 700
Investment Cost Price = 700X Rs
Selling Price of Pen = Y Rs
Revenue = 700Y Rs
Bought 1000 pens at Rs. X with Rs 700 Y
=> 1000X = 700Y
=> 10X = 7Y
=> Y = 10X/7
Sold 1000 Pens for Rs 1000Y
Final selling amount = 1000 ( 10X/7)
= 10000X/7
Investment = 700X
Profit = 10000X/7 - 7 (700X) = 5100X/7
Profit % = 100 ( 5100X/7) / (700X)
= 104.1 %
overall profit percentage on selling 1700 pens = 104.1 %
Learn more:
if the selling price of an article is increased to 110 % there is a profit ...
https://brainly.in/question/12244587
on buying and selling 30 apples a merchant made a profit equals to ...
https://brainly.in/question/13735383
the markup percentage discount percentage and profit percentage ...
https://brainly.in/question/12257611