📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      The cost price of a lamp is Rs. 500. A trader bought 18

      such lamps. He sold 8 lamps at 14% profit, 6 lamps at 22% profit and the rest for Rs. 560 each. Determine the total profit earned.
      A Rs.2250 Correct Answer Incorrect Answer
      B Rs.1325 Correct Answer Incorrect Answer
      C Rs.1460 Correct Answer Incorrect Answer
      D Rs.1550 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Total selling price of lamps = (8 × 500 × 1.14) + (6 × 500 × 1.22) + (4 × 560) = 4560 + 3660 + 2240 = Rs. 10,460

      And, total cost price = 500 × 18 = Rs. 9,000

      So, profit earned = 10460 - 9000 = Rs. 1,460

      Practice Next

      Relevant for Exams:

      ask-question