A shopkeeper purchased 250 bulbs for Rs.12 each.Five bulbs were fused and had to be thrown away.The remaining were sold at Rs.15 each. Find his gain or loss %.
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Answer:
22.5% Gain
Explanation:
No. of Bulbs = 250
Rate = ₹12
Cost Price = No. of Bulbs * Rate = 250 * 12 = 3000
No. Of Bulbs Fused = 5
Remaining Bulbs = 250 - 5 = 245
Selling Price = 245 * 15 = 3675
Profit = Selling Price - Cost Price = 3675 - 3000 = 675
Profit Percentage = Profit / Cost Price * 100
==> 675/3000 * 100 = 0.225 * 100 = 22.5%
Therefore, His Gain is 22.5%.
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