(Do any 3) A shopkeeper purchased 100 bulbs for Rs.45 each. He sold them at Rs. 50 each. Find his gain or loss %
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Answer:
shopkeeper purchased bulbs=100
rupees of each bulb=45
100bulbs=100×45=4500
SP of bulb=50×100=5000
Profit=5000-4500
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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 = Profit/ C.P. ×100
= 340 / 2000 ×100=17
∴ Profit is Rs.340 or 17%.
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