📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      A shopkeeper bought 50 shirts at ₹400 each. He marked

      each shirt 40% above cost price. During a sale, he offered a discount of 20% on the marked price and sold 80% of the shirts. The remaining shirts were sold later at a discount of 10% on the marked price. What was his overall profit percentage on the whole lot?
      A 25.8% Correct Answer Incorrect Answer
      B 14.8% Correct Answer Incorrect Answer
      C 38.2% Correct Answer Incorrect Answer
      D 33.3% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ, Total cost price = 50 × 400 = ₹20,000 Marked Price per shirt = 400 × 1.4 = ₹560 First sale: 40 shirts at 20% discount → SP₁ = 560 × 0.8 = 448 Revenue₁ = 40 × 448 = 17,920 Remaining: 10 shirts at 10% discount → SP₂ = 560 × 0.9 = 504 Revenue₂ = 10 × 504 = 5,040 Total revenue = 17,920 + 5,040 = ₹22,960 Profit = 22,960 – 20,000 = 2,960 Profit% = (2960 / 20000) × 100 = 14.8%.

      Practice Next
      More Profit and loss Questions

      Relevant for Exams:

      ask-question