New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Direction: A small business, Trendy Boutique , specializes in three types of clothing items: Designer Dresses , Casual Wear , and Formal Suits . Over the past six months, the boutique has recorded sales data as follows: Designer Dresses: Cost Price (CP): ₹1,500, Selling Price (SP): ₹2,200 Casual Wear: Cost Price (CP): ₹800, Selling Price (SP): ₹1,200 Formal Suits: Cost Price (CP): ₹2,500, Selling Price (SP): ₹3,500 The total units sold over six months for each clothing item are as follows: Designer Dresses: 300 units Casual Wear: 600 units Formal Suits: 200 units During this period, the boutique encountered some fluctuations in sales due to seasonal demand, which affected the profit margins for each product category.

    Calculate the total revenue generated from each clothing

    item over the six-month period. Based on this data, determine the overall profit or loss for the boutique. Provide detailed calculations for each clothing item.
    A ₹650,000 Correct Answer Incorrect Answer
    B ₹750,000 Correct Answer Incorrect Answer
    C ₹800,000 Correct Answer Incorrect Answer
    D ₹500,000 Correct Answer Incorrect Answer
    E ₹600,000 Correct Answer Incorrect Answer

    Solution

    Total Revenue from Designer Dresses = 300 × 2,200 = ₹660,000 Total Revenue from Casual Wear = 600 × 1,200 = ₹720,000 Total Revenue from Formal Suits = 200 × 3,500 = ₹700,000 Total Revenue = 660,000 + 720,000 + 700,000 = ₹2,080,000 Total Cost for Designer Dresses = 300 × 1,500 = ₹450,000 Total Cost for Casual Wear = 600 × 800 = ₹480,000 Total Cost for Formal Suits = 200 × 2,500 = ₹500,000 Total Cost = 450,000 + 480,000 + 500,000 = ₹1,430,000 Overall Profit = Total Revenue - Total Cost = 2,080,000 - 1,430,000 = ₹650,000

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