A shopkeeper purchased 1000 electric bulbs at Rs.16 each.100 bulbs were
damaged and he sold
the remaining bulbs at
12.5% profit. Find the selling price of each.
Step by step.
ans:rs 20 each
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Answer:
A shopkeeper purchased 1000 electric bulbs at Rs.16 each.
Cost Price = 16*1000 = 16,000
100 bulbs were damaged, so remaining for sell,
1000 - 100 = 900
he sold the remaining bulbs at 12.5% profit.
SP = 112.5/100*16000 = 18000
Find the selling price of each
Selling Price of each = 18000/900 = 20
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