New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Direction: A retail store sells three types of products: Electronics, Clothing, and Furniture. The following table summarizes the sales data for each product over a six-month period, including the number of units sold, the cost price (CP), and the selling price (SP).

    The store is introducing a discount of 15% on Clothing

    items for a promotional sale. Calculate the new selling price for Clothing and the total expected revenue if all units sold during the promotion are sold at this new price. What will be the adjusted profit for Clothing?
    A New SP ₹510, Adjusted Profit ₹123,200 Correct Answer Incorrect Answer
    B New SP ₹510, Adjusted Profit ₹135,000 Correct Answer Incorrect Answer
    C New SP ₹530, Adjusted Profit ₹140,000 Correct Answer Incorrect Answer
    D New SP ₹450, Adjusted Profit ₹120,000 Correct Answer Incorrect Answer
    E New SP ₹480, Adjusted Profit ₹130,000 Correct Answer Incorrect Answer

    Solution

    New Selling Price for Clothing = 600 - (15% of 600) = 600 - 90 = ₹510 Total Revenue from Clothing at new price = 1,120 × 510 = ₹571,200 Adjusted Profit for Clothing = Total Revenue - Total Cost Price = 571,200 - 448,000 = ₹123,200

    Practice Next

    Relevant for Exams: