Multiple choice

A shopkeeper bought 150 calculators at the rate of Rs 250 per calculator. He spent Rs 2500 on transportation and packing If the marked price of a calculator is Rs. 320 per calculator and the shopkeeper gives a discount of 5% on the marked price, then what will be the percentage profit gained by the shopkeeper?

  1. 12%

  2. 13%

  3. 14%

  4. 15%

  5. 16%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Total cost = (150 * 250) + 2500 = 37500 + 2500 = 40000. Selling price per unit = 320 * 0.95 = 304. Total revenue = 150 * 304 = 45600. Profit = 45600 - 40000 = 5600. Profit percentage = (5600 / 40000) * 100 = 14%.

AI explanation

The total cost price of the calculators is 150 * 250 = Rs 37500, and adding Rs 2500 for expenses brings the total effective cost to Rs 40000. The marked price is Rs 320, and after a 5 percent discount, the selling price per calculator is Rs 304. The total selling price for 150 calculators is 150 * 304 = Rs 45600, yielding a profit of Rs 5600. The profit percentage is (5600 / 40000) * 100, which results in 14 percent.

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