Bissoy.com
Doctors Medicines MCQs Q&A

A shopkeeper bought 600 pens. He sold 480 of them for the price he paid 600 pens, 100 pens at 10% higher rate than that at which he sold 480 pens, and the rest at the cost price. His profit percentage in the transaction is:

A shopkeeper bought 600 pens. He sold 480 of them for the price he paid 600 pens, 100 pens at 10% higher rate than that at which he sold 480 pens, and the rest at the cost price. His profit percentage in the transaction is: Correct Answer 26.25%

Given:

A shopkeeper sold 480 pens at the cost price of 600 pens.

He sold 100 pens at a 10% higher rate than that at which he sold 480 pens.

Formula used:

Profit% = (S.P. - C.P.)/C.P. × 100

Where, S.P. = Selling price; and C.P. = Cost price

Calculation:

Let, the price of one pen = Rs. 1

The cost of 600 pens = Rs. 600

Also, the selling price of 480 pens = Rs. 600

∴ The selling price of each pen = 600/480 = Rs. 1.25

Also, 1.25 × (110/100) = 1.375

The total price of 100 pens = 1.375 × 100 = Rs. 137.50

He sold remaining pens at the cost price.

The remaining pens = 600 - (480 + 100) = 600 - 580 = 20

The selling price of 20 pens = 20 × 1 = Rs. 20

Total selling price = 600 + 137.50 + 20 = Rs. 757.50

Profit percentage =  × 100 = 157.50/6 = 26.25%

∴ The profit percentage of the shopkeeper in the transaction is 26.25%

Related Questions

Given below are three quantities named 1, 2 and 3. Based on the given information, you have to determine the relationships between the three quantities. You should use the given data and knowledge of Mathematics to choose between the possible answer. The options represent the relations among the three quantities. A. < B. > C. ≤ D. ≥ E. = Quantity 1: A shopkeeper earns a profit of 24% if he sells a product for Rs.186. What will be his profit percentage, if he sells the product for Rs.180? Quantity 2: A shopkeeper marks the price of a product 50% above its cost price and sells it at a discount of 20%. What is his profit percentage? Quantity 3: Mahesh sold a laptop to Shyam making a profit of 10%. Shyam sold it to Keshav making a profit of 12%. Keshav sold the laptop to Shital at a profit of 15%. By how much percentage the price of the laptop is increased?
The following question has three statements. Study the question and the statements and decide which of the statement(s) is necessary to answer the question. A stationary store had blue, black and red pens in the ratio 9 ∶ 8 ∶ 1. How many total pens did the store had? I. If 200 blue pens and 100 black pens were sold, the ratio becomes 5 ∶ 6 ∶ 1. II. If 50 blue and 50 red pens were bought, the ratio becomes 5 ∶ 4 ∶ 1. III. If 50 black pens were sold and 100 red pens were bought, the ratio becomes 9 ∶ 7 ∶ 3.
A shopkeeper purchased 90 pens and the cost price of each pen is Rs. 10 and he sold it in two parts, the first part at 20% profit and sold the second part at 10% profit. If he sold all 90 pens at a certain price and got a 15% profit. If the profit earns in the second condition is more than the first condition and the difference in profits from both the conditions is Rs. 40. Find how many pens were sold at 20% profit.
A sold a table to B at a profit of 40%, B sold it to D at a profit of 60%. W sold a chair L to X at the loss of 20%, X sold it to P at a loss of 30% and finally P sold it to G at a loss of 50%. Price at which D bought the table from B and the Price at which P bought the chair from X is same. If the price at which W bought the chair is Rs. 600, then at what price D bought table?
Given below are three quantities named A, B and C. Based on the given information, determine the relation among the three quantities. A shopkeeper bought two products X and Y from a company. He bought product X for Rs. 3060 and sold it to the customer earning a profit of 20%, while he sold the product Y to a customer for Rs. 4160, thereby earning a profit of 30%. Quantity A: If the company earned a profit of 20% on the product X, what is the manufacturing cost of product X? Quantity B: If the company earned a profit of Rs. 600 on the product Y, what is the manufacturing cost of product Y? Quantity C: What is the difference between the total price paid by the customers and the total manufacturing cost of the products X and Y?
Seven friends, Anil, Sunil, Rohit, Puja, Shalini, Pradhi and Gaurav bought seven cars during a week but each one bought their cars on a different day of the week. Each of them also bought a different brand of car. The brands are: Maruti, Honda, Toyota, Renault, Tata, Mahindra and Hyundai. Consider the week stated on a Monday and ended on the following Sunday. The following information are known: Rohit bought a Hyundai on Monday On Sunday, one of them bought a Renault. Shalini bought her car just the day after Anil and just the day before Gaurav Anil bought a Mahindra car Puja bought a Tata car on Friday Sunil did not buy either a Toyota or a Renault Gaurav bought a Maruti On which day did Shalini buy her car and what was the brand of her car?
A shopkeeper bought 500 notebooks. He sold 300 of them for the price he paid for all 500 notebooks. He sold 140 notebooks at 20% higher rate than at which he sold 300 notebooks and the remaining at the cost price. What is the profit percentage in the whole transaction?
There are two shopkeepers, first shopkeeper calculates his profit percent on the selling price whereas the second shopkeeper calculates his profit percent on the cost price. If the selling price for both the shopkeeper is same and the difference between their profits is Rs.175. Then, calculate the sum of the cost price for both the shopkeeper if the profit percent for the both shopkeeper is 25%?
Each of the question below consists of a question and three statements number I, II and III given below it. You have to decide whether the data provided in the statement are sufficient to answer the question. A dishonest shopkeeper professes to sell his articles at a cost price but uses a faulty scale while selling. What is the profit percentage the shopkeeper makes when he sells the article at a cost price? Statement I. He uses a scale that weighs less by 25%. Statement II. The cost price of the article is Rs. 30 per kg. Statement III. If he has sold the articles at a 12.5% profit on cost price then his net profit percentage would have been 50%.
A dealer bought a product and sold it to a shopkeeper, who further sold it to a customer, such that the dealer and the shopkeeper marked the price of the product 25% and 40% above the cost price respectively, and sold the product giving a discount of 10% and 25% respectively. If the dealer bought the product for Rs. 1680, at what price did the shopkeeper sold the product to the customer?