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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Step-by-step explanation:
No. of bulbs =250, Cost of each bulb =12
Total C.P=250×12=3000
5 of them were discarded so only (250−5)=245 were sold, at a rate of 15 per each bulb.
Total S.P=245×15=3675
Profit or loss =S.P–C.P=3675–3000=+675 (Profit)
Percent profit =C.PProfit×100=4.4%
∴ Profit is Rs.675
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