A shopkeeper purchased 360 cups for 25 each. However 60 cups broke and had to be thrown away. The remaining cups were sold at 33 each. Find the gain or loss %.
Answers
Answered by
15
Answer:
The shopkeeper will gain 10% profit.
Step-by-step explanation:
Cost price of 1 cup = Rs. 25
Cost price of 360 cups = Rs. 9000
Selling price of 1 cup = Rs. 33
60 cups were broken out of 360, hence the remaining cups will be = 360-60 = 300
Selling price of 300 cups will be = 300 x 33 = Rs. 9900
Profit = SP – CP = 9900 – 9000 = Rs. 900
Profit % = profit upon cp into 100
therefore 900 upon 9000 into 100 = 10%
Answered by
9
Given: A shopkeeper purchased 360 cups for ₹25 each. 60 cups broke and the remaining cups were sold at ₹33 each.
To find: The gain or loss %.
Solution:
- When the selling price is greater than the cost price then there is a profit but if the cost price is greater than the selling price there is a loss.
- The shopkeeper buys 360 cups for ₹25 rupees each, so his cost price would be,
- The shopkeeper breaks 60 cups. So, the number of cups left with him would be,
- Now, he sells each of these 300 cups for ₹33 each so his selling price would be,
- Since the selling price is greater than the cost price, there is a profit.
- The profit is calculated as,
- Now, the profit percent is calculated using the following formula,
- P% is the profit percent, P is the profit and C.P. is the cost price.
Therefore, the gain or profit percent is 10%.
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