Question
A shopkeeper bought 80 identical books priced at
Rs. 320 each. He spent a total of Rs. 3600 on transportation and packaging. He put the label of marked price of Rs. 500 on each book. He offered a discount of 19% on each book at the marked price. What is the total profit of the shopkeeper in the whole transcation?Solution
Total actual cost = (80 x 320 + 3600) = (25600 + 3600) = Rs. 29200 Discount on MRP = 19% SP of each book = 500 x 81/100 = Rs. 405 SP 80 book = 80 x 405= Rs. 32400 Profit = 32400 – 29200 = Rs. 3200
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