Multiple choice

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Directions: Study the following information and answer the given question. Table given below shows ratio of shirts to trousers sold by five different shops and it also shows average number of shirts and trousers sold by these five shops. Shops Ratio of total shirts to trousers sold (Shirts : Trousers) Average number of shirts and trousers sold Fashion Planet 5 : 2 42 Fashion Gallery 4 : 1 40 JB Fashions 2 : 5 35 RR Fashions 3 : 2 25 PK Fashions 2 : 1 27

If RR Fashions buys a shirt and a trouser at Rs. 600 and Rs. 900, respectively and sells each at Rs. 720 and Rs. 1100, respectively. What is the total profit percentage from average number of shirts and trousers sold by RR Fashions?

  1. 20.5%

  2. 21.1%

  3. 22.6%

  4. 23.5%

  5. 24%
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B Correct answer
Explanation

For RR Fashions, the ratio of shirts to trousers is 3:2 and the average is 25, so total items = 50. Shirts = 30, Trousers = 20. Total Cost = (30 * 600) + (20 * 900) = 18000 + 18000 = 36000. Total Revenue = (30 * 720) + (20 * 1100) = 21600 + 22000 = 43600. Profit = 7600. Profit % = (7600/36000) * 100 = 21.11%.

AI explanation

The average number of shirts and trousers sold at RR Fashions is 25, so the total number of items sold is 50. Given the ratio of shirts to trousers is 3:2, there are 30 shirts and 20 trousers sold. The cost price of 30 shirts and 20 trousers is (30 times 600) plus (20 times 900), which equals 18000 plus 18000, totaling Rs. 36000. The selling price of these items is (30 times 720) plus (20 times 1100), which equals 21600 plus 22000, totaling Rs. 43600. Using the total profit percentage formula, the profit is 43600 minus 36000, equaling Rs. 7600, and the percentage is (7600 divided by 36000) multiplied by 100, which equals 21.1 percent. The result is 21.1%.

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