Question
The cost price of six dozen cupcakes is Rs. 360. After
selling 48 cupcakes at the rate of Rs. 108 per dozen, the shopkeeper reduced the rate and sold the remaining cupcakes at the rate of Rs. 72 per dozen. Find the profit or loss percentage of the shopkeeper in this transaction.Solution
ATQ,
Cost price of 6 dozen cupcakes = Rs. 360
Selling price of 48 cupcakes = 48 × (108/12) = Rs. 432
Selling price of 24 cupcakes = 24 × (72/12) = Rs. 144
Selling price of 72 cupcakes = 432 + 144 = Rs. 576
Profit earned on selling 72 cupcakes = 576 – 360 = Rs. 216
Profit percentage = (216/360) × 100 = 60%
Calculate cost of goods sold from the following figures:
Opening stock = Rs. 3,500
Purchases = Rs. 21,000
Closing stock = Rs. 2,500
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