The following table shows the cost price of five different goods and their selling prices by two different shopkeepers. Identify the shopkeeper who made more profit (in total) and his/her percentage profit. Goods Cost Price Selling price by Shopkeeper X Selling price by Shopkeeper Y A 173 180 175 B 219 220 225 C 350 360 357 D 481 490 500 E 227 250 235
The following table shows the cost price of five different goods and their selling prices by two different shopkeepers. Identify the shopkeeper who made more profit (in total) and his/her percentage profit. Goods Cost Price Selling price by Shopkeeper X Selling price by Shopkeeper Y A 173 180 175 B 219 220 225 C 350 360 357 D 481 490 500 E 227 250 235 Correct Answer Shopkeeper X, 3.45%
Calculation:
Cost price of all five goods = 173 + 219 + 350 + 481 + 227 = Rs.1450
Total selling price of all five goods for shopkeeper X = 180 + 220 + 360 + 490 + 250 = Rs.1500
Total selling price of all five goods for shopkeeper Y = 175 + 225 + 357 + 500 + 235 = Rs.1492
Profit % of shopkeeper X = (1500 - 1450)/1450 × 100 = 3.45%
Profit % of shopkeeper Y = (1492 - 1450)/1450 × 100 = 2.90%
∴ Shopkeeper X have more profit percentage, which is 3.45%.