A shopkeeper purchased 250 bulbs for ₹ 12 each. However, 5 bulbs were fused amd had to be thrown away. The remaining were sold at ₹ 15 each. Find his gain or loss %.
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No. of bulbs =200, Cost of each bulb =10
Total C.P=200×10=2000
5 of them were discarded so only (200−5)=195 were sold, at a rate of 12 per each bulb.
Total S.P=195×12=2340
Profit or loss =S.P–C.P=2340–2000=+340 (Profit)
Percent profit =C.PProfit×100=2000340×100=17
∴ Profit is Rs.340 or 17%.
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