Profit And Loss Ques 1
Question.
A shopkeeper bought 84 identical shirts priced at ₹ 240 each. He spent a total of ₹ 3200 on transportation and packaging. He put the label of marked price of ₹ 420 on each shirt. He offered a discount of $15 \%$ on each shirt at the marked price. What is the total profit of the shopkeeper in the whole transaction?
(1) ₹ 6258
(2) ₹ 6528
(3) ₹ 6268
(4) ₹ 6628
(5) None of these
(IBPS Bank PO/MT CWE-IV 18.10.2014)
Show Answer
Correct Answer: (4)
Solution: (4)
Total actual cost $= \text{₹} (84 \times 240+3200)$ $= \text{₹} (20160+3200)$ $= \text{₹} 23360$
S.P. of each shirt $=\frac{420 \times 85}{100}= \text{₹} 357$
S.P. of 84 shirts $=84 \times 357$ $= \text{₹} 29988$
Profit $=29988-23360$ = ₹ 6628
BETA
