Home
Class 14
MATHS
A shopkeeper purchased 245 pieces of an ...

A shopkeeper purchased 245 pieces of an article at Rs30 per piece. He spent Rs980 on transport and Rs1470 on packing the articles. He sold the articles at the rate of Rs50 per piece. What is the percent profit earned?

A

`25%`

B

`20%`

C

`28%`

D

`22.5%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the total cost price, total selling price, and then determine the profit and percent profit earned. ### Step 1: Calculate the Total Cost Price (CP) The total cost price includes the cost of the articles, transportation costs, and packing costs. 1. **Cost of articles**: \[ \text{Cost of articles} = \text{Number of pieces} \times \text{Cost per piece} = 245 \times 30 \] \[ = 7350 \text{ Rs} \] 2. **Transportation cost**: \[ = 980 \text{ Rs} \] 3. **Packing cost**: \[ = 1470 \text{ Rs} \] 4. **Total Cost Price (CP)**: \[ \text{Total CP} = \text{Cost of articles} + \text{Transportation cost} + \text{Packing cost} \] \[ = 7350 + 980 + 1470 = 9800 \text{ Rs} \] ### Step 2: Calculate the Total Selling Price (SP) The total selling price is calculated by multiplying the number of pieces sold by the selling price per piece. 1. **Selling price per piece**: \[ = 50 \text{ Rs} \] 2. **Total Selling Price (SP)**: \[ \text{Total SP} = \text{Number of pieces} \times \text{Selling price per piece} = 245 \times 50 \] \[ = 12250 \text{ Rs} \] ### Step 3: Calculate the Profit Profit is calculated by subtracting the total cost price from the total selling price. 1. **Profit**: \[ \text{Profit} = \text{Total SP} - \text{Total CP} = 12250 - 9800 \] \[ = 2450 \text{ Rs} \] ### Step 4: Calculate the Percent Profit Percent profit is calculated using the formula: \[ \text{Percent Profit} = \left( \frac{\text{Profit}}{\text{Total CP}} \right) \times 100 \] 1. **Percent Profit**: \[ = \left( \frac{2450}{9800} \right) \times 100 \] \[ = 25\% \] ### Final Answer The percent profit earned by the shopkeeper is **25%**. ---
Promotional Banner

Topper's Solved these Questions

  • PROFIT AND LOSS

    ADDA247|Exercise Mains Questions|25 Videos
  • PERMUTATION ,COMBINATION AND PROBABILITY

    ADDA247|Exercise Previous Year Question|25 Videos
  • RATIO & PROPORTION AND PARTNERSHIP

    ADDA247|Exercise PREVIOUS YEAR QUESTIONS|20 Videos
ADDA247-PROFIT AND LOSS-Previous Year Questions
  1. A shopkeeper marked the price of an article by 40% above cost price an...

    Text Solution

    |

  2. A shopkeeper sells two pens, he sold 1 pen at profit and other pen at ...

    Text Solution

    |

  3. A person sold an article for Rs 802. If it is sold for Rs 38 more, the...

    Text Solution

    |

  4. A shopkeeper sets MRP of a product such that after giving 10% discount...

    Text Solution

    |

  5. When a person sold an article, his profit percent is 60% of the sellin...

    Text Solution

    |

  6. Cost price of a jeans is Rs 200 more than cost price of a shirt. If sh...

    Text Solution

    |

  7. Cost price of article A is Rs 600 more than that of B and selling pric...

    Text Solution

    |

  8. Sudeep marked up the price at a price higher than cost price & gave 10...

    Text Solution

    |

  9. Shopkeeper sells two articles - M & N. He marks article -M 20% above i...

    Text Solution

    |

  10. Marked price of an article is Rs250 more than cost price of that arti...

    Text Solution

    |

  11. Abhishek makes a profit of Rs.110, if he sells a certain number of pen...

    Text Solution

    |

  12. Ram purchased a Computer set of Rs. 12500 and spent Rs.300 on transpor...

    Text Solution

    |

  13. Mahesh purchased 25 kg of rice @32 per kg and 15 kg of rice @ Rs 36 pe...

    Text Solution

    |

  14. While selling a watch, a shopkeeper gives a discount of 15%. If he giv...

    Text Solution

    |

  15. A shopkeeper purchased 245 pieces of an article at Rs30 per piece. He ...

    Text Solution

    |

  16. An article is marked for sale at Rs504. The shopkeeper gives a discoun...

    Text Solution

    |

  17. A shopkeeper sold an article for Rs400 after giving 20% discount on th...

    Text Solution

    |

  18. Suresh purchased a TV set for Rs11250. He spent Rs800 on installation ...

    Text Solution

    |

  19. Mr A sold a goods, to Mr. B at 10% discounted value of printed rate. T...

    Text Solution

    |

  20. Rajesh purchased a mobile phone and a refrigerator for Rs12000 and Rs1...

    Text Solution

    |