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

    Question

    A shopkeeper planned to sell 150 shirts each priced at

    Rs 1,250 in a particular year. Each shirt, if it had been sold at the mentioned price would have been possibly earned him a 25% profit. However, 50 out of these 150 shirts were sold at a discount of Rs 150 each shirt during the festival season. Find the maximum possible number of shirts one could have bought during the festival season with an amount that is same as the profit earned by the shopkeeper in the entire year?
    A 12 Correct Answer Incorrect Answer
    B 20 Correct Answer Incorrect Answer
    C 18 Correct Answer Incorrect Answer
    D 15 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Actual price of each shirt = Rs`100/125xx1250=` Rs 1,000 Profit earned during non-festive season = Rs (1,250 – 1,000)`xx` 50 = Rs 12,500 Profit earned during festival season = (1,100 – 1,000) × 50= Rs 5,000 Total profit = Rs 17,500 Cost of a shirt during festival season = Rs 1,100 Now,`17500/1100` = 15.909 Maximum number of shirt that can be bought = 15

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