Bharat Electronics purchases plasma TVs in bulk for Rs. 60,000 each. However, the price marked on a plasma TV in Bharat Electronics showroom is Rs. 63,000. How much profit does Bharat Electronics make on Plasma TVs if they are always selling TVs at the maximum retail price?

Bharat Electronics purchases plasma TVs in bulk for Rs. 60,000 each. However, the price marked on a plasma TV in Bharat Electronics showroom is Rs. 63,000. How much profit does Bharat Electronics make on Plasma TVs if they are always selling TVs at the maximum retail price? Correct Answer 5%

Given:

Cost price of a plasma TV = Rs. 60,000

Marked price of a plasma TV = Rs. 63,000

Formula Used:

Profit % = × 100

Calculation:

Selling plasma television at maximum retail price means selling price = maximum retail price

⇒ Selling price of a plasma TV = Rs. 63,000

Profit % =  × 100

⇒ (3000/60000)100

⇒ 5%

∴ Bharat Electronics makes 5% profit on Plasma TVs if they are always selling TVs at the maximum retail price.

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