Question
Download Solution PDFA shopkeeper bought 245 articles at 30 per article and spent ₹ 2,450 on their packages. He sold these articles at ₹ 50 per article. The percentage profit earned by him was:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost price per article = ₹30
Number of articles = 245
Packaging cost = ₹2,450
Selling price per article = ₹50
Formula Used:
\(Percentage Profit = \frac{(Selling Price - Cost Price)}{Cost Price} \times 100\)
Calculation:
Total Cost Price (CP) = Cost price per article × Number of articles + Packaging cost
Total Cost Price (CP) = 30 × 245 + 2450
Total Cost Price (CP) = 7350 + 2450
Total Cost Price (CP) = 9800
Total Selling Price (SP) = Selling price per article × Number of articles
Total Selling Price (SP) = 50 × 245
Total Selling Price (SP) = 12250
Profit = Total Selling Price - Total Cost Price
Profit = 12250 - 9800
Profit = 2450
\(Percentage Profit = \frac{Profit}{Total Cost Price} \times 100\)
Percentage Profit = \( \frac{2450}{9800} \times 100\)
Percentage Profit = 25%.
The percentage profit earned by him was 25%.
Last updated on May 29, 2025
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