A store buys earring at the rate of INR 4250 per Hundred and sells at INR65 each, buys wrist watch at INR 150 per hundred and sells at INR 30 each , buys Handbags at INR 4500 per hundred and sells a INR 70 each. Which of these yields the maximum percentage of profits?
Answers
The store yielded the maximum percentage of profit for wrist watches.
Step-by-step explanation:
Cost price of 100 earrings is Rs 4250
Thus, the cost price for every earring is Rs. 42.5 per piece.
The selling price of the earrings is Rs 65 each
The profit noted for every earring is Rs. 22.5
The percent profit is = Net Profit / Cost price
= (22.5 / 42.5) x 100
= 52.94 %
Profit percentage noted for earrings was 52.94%
Cost price of 100 wrist watch is Rs 150
Thus, the cost price for every wrist watch is Rs. 1.50 per piece.
The selling price of a wrist watch Rs 30 each
The profit noted for every earring is Rs. 28.5
The percent profit is = Net Profit / Cost price
= (28.5 / 1.5) x 100
= 1900 %
Profit percentage noted for wrist watches was 1900%
Cost price of 100 handbags is Rs 4500
Thus, the cost price for every handbag is Rs. 45 per piece.
The selling price of a handbag Rs 70 each
The profit noted for every handbag is Rs. 35
The percent profit is = Net Profit / Cost price
= (35 / 70) x 100
= 50 %
Profit percentage noted for handbags was 50%
Hence, the store earned the maximal percentage profit for wrist watches