Multiple choice

'Fashion Fever Boutique' received a shipment of 80 designer buttons, each costing Rs. 25. They marked up each button by 60%. During a seasonal sale, they offered a 25% discount. They sold 50 buttons at this discounted price and the remaining at the marked price. Determine the total profit made by the boutique.

  1. Rs. 450

  2. Rs. 525

  3. Rs. 650

  4. Rs. 700

  5. Rs. 775
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost = 80 * 25 = 2000. Marked price = 25 * 1.6 = 40. Discounted price = 40 * 0.75 = 30. Sale: 50 buttons at 30 = 1500. Remaining 30 buttons at 40 = 1200. Total revenue = 2700. Profit = 2700 - 2000 = 700.

AI explanation

The marked price of a button is 25 plus 60% of 25, which equals 40. The discounted sale price is 40 minus 25% of 40, or 30, making the profit per button 5 for the first 50 buttons. The remaining 30 buttons are sold at the marked price of 40, yielding a profit of 15 per button. The total profit is (50 times 5) plus (30 times 15), which is 250 plus 450, equaling 700.

Keep practicing — related questions