Question

Sameer decided to start a new business selling potted plants. He bought 10 plants for ₹750, 10 pots for ₹400, and spent ₹100 in transportation. His sister Anamika advised him to sell each plant with a pot for ₹140. However, he decided on a profit of 35%. Sadly, due to the COVID19 pandemic, Sameer's sales were affected. While he managed to sell three of his potted plants at ₹160 each, he had to sell the rest of the potted plants at ₹100 each. After selling all the potted plants, Sameer decides to deposit the money he earned from this business in a savings account. Bank A offers interest at a rate of 4% per annum and Bank B offers interest at a rate of 2.5% per annum.
q: What would have been his profit and profit percentage if he had decided to take Anamika's advice?

Answer 1

Answer:

Sameer decided to start a new business selling potted plants. He bought 10 plants for ₹750, 10 pots for ₹400, and spent ₹100 in transportation. His sister Anamika advised him to sell each plant with a pot for ₹140. However, he decided on a profit of 35%. Sadly, due to the COVID19 pandemic, Sameer's sales were affected.