Multiple choice

A man purchased 200 watches at the rate of Rs. 300 each. He spent Rs. 3000 on transport and packing. He marked the price of each watch at Rs. 370, and he decided to offer a discount of 10% on the marked price. What was percentage profit earned by him upon selling the stock?

  1. 4.76%

  2. 8%

  3. 5.7%

  4. 6.5%

  5. 7%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Total CP = (200 * 300) + 3000 = 63000. Total MP = 200 * 370 = 74000. SP after 10% discount = 74000 * 0.9 = 66600. Profit = 66600 - 63000 = 3600. Profit % = (3600 / 63000) * 100 = 5.71%.

AI explanation

The total cost price equals the purchase cost of 200 multiplied by 300, plus 3000 for transport, totaling Rs. 63,000. The selling price of one watch after a 10% discount on Rs. 370 is Rs. 333, so the total selling price for 200 watches is Rs. 66,600. The profit of Rs. 3600 divided by the cost of Rs. 63,000 yields a percentage profit of 5.7%.

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