Bissoy.com
Doctors Medicines MCQs Q&A

A shopkeeper has cashews of two variants each pricing Rs. 400 per kg and Rs. 500 per kg respectively. A customer purchases 2 kg of the expensive cashews but the shopkeeper instead adds 0.5 kg of the 400/kg variant and the remaining Rs. 500 per kg. What is the percentage of money earned by the shopkeeper?

A shopkeeper has cashews of two variants each pricing Rs. 400 per kg and Rs. 500 per kg respectively. A customer purchases 2 kg of the expensive cashews but the shopkeeper instead adds 0.5 kg of the 400/kg variant and the remaining Rs. 500 per kg. What is the percentage of money earned by the shopkeeper? Correct Answer 5.3%

Price paid by the customer = Rs. 500 × 2 = Rs. 1000

Actual price of cashews = 1.5 × 500 + 0.5 × 400 = Rs. 950

Money earned = 1000 – 950 = Rs. 50

Money% earned = (50/950) × 100 = 5.3%

Related Questions

A shopkeeper has almonds of two variants each pricing Rs. 400 per kg and Rs. 500 per kg respectively. If the shopkeeper mixes the cheap variant while selling the expensive one and earns a profit of Rs. 200 while selling 5 kg. In what ratio did the shopkeeper mixed the cheap almonds with the expensive?
Match List I with List II: List I (Pricing Strategies) List II (Description) (A) Ramsay pricing (I) Setting a high price when a product is first introduced and gradually lowering price as it gains scale (B) Price skimming (II) Firm charges lower price (than the ongoing price) to gain market entry (C) Cost plus pricing (III) Price deviations from marginal cost should be inversely proportional to price elasticity of the product (D) Penetration pricing (IV) It is full cost pricing strategy that also includes mark up for target return, degree of competition, price elasticity and availability of substitutes. Choose the correct answer from the options given below:
Product line pricing strategy includes which combination of the following?
1. Public utility pricing
2. Complementary goods pricing
3. Spare parts pricing
4. Load factor pricing
Select the correct answer:
In the following question, two statements are numbered as A and B. On solving these statements we get quantities A and B respectively. Solve for the both quantities and choose the correct option. Quantity A: A fruit seller sold 40% of his apples at a price of Rs. 80 per kg. Then he sold 30% of the remaining apples at a price of Rs. 100 per kg. Later, he sold 75% of the remaining apples for Rs. 120 per kg, and further remaining apples at Rs. 60 per kg. If he earned a total of Rs. 11762.50 from selling all his apples, how many apples did he have? Quantity B: 20% of the fruits in a shop are apples, while 40% of the remaining fruits are bananas. Also, 50% of the remaining fruits are mangoes. If the remaining fruits are 16 kg of pineapples and 20 kg of grapes, how many kg fruits are there in the shop?
A customer purchased two units of the same item, one from a shopkeeper and one from a whole seller. The whole seller sold the items to the shopkeeper and customer at 15% profit while the shopkeeper sold the item to the customer at 20% profit. If the difference between the price of both units for the customer is Rs. 96.6, then what is the total cost of both the units for the customer?
The following question have three statements. Study the question and the statements and decide which of the statement(s) is necessary to answer the question. A shopkeeper sells some shirts and pants which are in the ratio 7 : 5 to a customer. Find the percentage profit earned by the shopkeeper. Statement I: Ratio of cost prices of a shirt and a pant is 3 : 5. Statement II: Total amount received by the shopkeeper while selling these items is Rs. 29000 and equal amount of profit is earned in each shirt and pant. Statement III: Total cost price of a shirt and a pant is Rs. 400.
A shopkeeper purchases 15 packs of four cigars of Jaali brand each pricing Rs. 600. If a shopkeeper sells them illegally at the rate of Rs. 200 per piece. What is the profit percent earned by the shopkeeper?
The following table shows the income (in rupees) for a particular month, together with their source, in respect of 5 employees (A, B, C, D and E).   A B C D E Salary 52,000 48,500 42,000 31,000 25,000 Overtime 0 0 1,500 2,500 3,200 Arrears 5.500 4,500 4,000 3,000 1,500 Bonus 3,500 3,000 2,500 2,000 2,000 Miscellaneous income 5,000 3,000 1,500 1,500 0 Total 66,000 59,000 40,000 40,000 31,700   For employee D, the income from overtime is what percentage of his total income?
A factory earns a profit of 10% on a garment by selling it to a shopkeeper for Rs. 2090. The shopkeeper further sells it to a customer earning a profit of 25%. When the manufacturing cost of the garment increased by 20%, the factory increased its profit to 15%. If the profit percentage earned by the shopkeeper remained unchanged, how much more money the customer has to pay for the garment?
A shopkeeper marked an item 50% above the cost price and sold to customer A at a 10% discount. While he marked the same item 60% above the cost price and sold to customer B at a 20% discount. If customer A paid Rs. 56 more than customer B, then what is the profit amount earned by a shopkeeper after selling items to both the customers?