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A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper?
- a)4.5%
- b)5.5%
- c)3.8%
- d)1.2%
- e)None of these
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen driv...
Given data:
- Number of pen drives bought = 150
- Cost price of each pen drive = Rs. 500
- Transportation and packing cost = Rs. 500
- Marked price of each pen drive = Rs. 520
- Discount offered = 5%
Calculating the total cost:
Cost of 1 pen drive = Rs. 500
Cost of 150 pen drives = Rs. (500 * 150) = Rs. 75,000
Transportation and packing cost = Rs. 500
Total cost = Rs. 75,000 + Rs. 500 = Rs. 75,500
Calculating the selling price:
Marked price of 1 pen drive = Rs. 520
Discount offered = 5%
Discount on 1 pen drive = (5/100) * 520 = Rs. 26
Selling price of 1 pen drive = Marked price - Discount = 520 - 26 = Rs. 494
Selling price of 150 pen drives = Rs. (494 * 150) = Rs. 74,100
Calculating the profit percentage:
Profit = Selling price - Total cost = Rs. (74,100 - 75,500) = Rs. -1,400
Profit percentage = (Profit/Total cost) * 100 = (-1,400/75,500) * 100 = -1.85%
Since the profit percentage is negative, it means the shopkeeper incurred a loss. Therefore, option C is incorrect.
The correct answer is e) None of these
- Number of pen drives bought = 150
- Cost price of each pen drive = Rs. 500
- Transportation and packing cost = Rs. 500
- Marked price of each pen drive = Rs. 520
- Discount offered = 5%
Calculating the total cost:
Cost of 1 pen drive = Rs. 500
Cost of 150 pen drives = Rs. (500 * 150) = Rs. 75,000
Transportation and packing cost = Rs. 500
Total cost = Rs. 75,000 + Rs. 500 = Rs. 75,500
Calculating the selling price:
Marked price of 1 pen drive = Rs. 520
Discount offered = 5%
Discount on 1 pen drive = (5/100) * 520 = Rs. 26
Selling price of 1 pen drive = Marked price - Discount = 520 - 26 = Rs. 494
Selling price of 150 pen drives = Rs. (494 * 150) = Rs. 74,100
Calculating the profit percentage:
Profit = Selling price - Total cost = Rs. (74,100 - 75,500) = Rs. -1,400
Profit percentage = (Profit/Total cost) * 100 = (-1,400/75,500) * 100 = -1.85%
Since the profit percentage is negative, it means the shopkeeper incurred a loss. Therefore, option C is incorrect.
The correct answer is e) None of these
Community Answer
A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen driv...
C.P. of 150 calculators = 150 x 500 = Rs. 75000
∴ Total C.P. = 75000 + 500 = Rs. 75500
Marked price of 150 calculator = 150 x 570 = Rs. 82500
Selling price after discount = 82500 x 95 / 100 = Rs. 78375
∴ percentage profit = [(78375 – 75500) / 75500] x 100 = 3.8%
∴ Total C.P. = 75000 + 500 = Rs. 75500
Marked price of 150 calculator = 150 x 570 = Rs. 82500
Selling price after discount = 82500 x 95 / 100 = Rs. 78375
∴ percentage profit = [(78375 – 75500) / 75500] x 100 = 3.8%
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A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper?a)4.5%b)5.5%c)3.8%d)1.2%e)None of theseCorrect answer is option 'C'. Can you explain this answer?
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A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper?a)4.5%b)5.5%c)3.8%d)1.2%e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper?a)4.5%b)5.5%c)3.8%d)1.2%e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper?a)4.5%b)5.5%c)3.8%d)1.2%e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper?a)4.5%b)5.5%c)3.8%d)1.2%e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper?a)4.5%b)5.5%c)3.8%d)1.2%e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper?a)4.5%b)5.5%c)3.8%d)1.2%e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
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Here you can find the meaning of A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper?a)4.5%b)5.5%c)3.8%d)1.2%e)None of theseCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper?a)4.5%b)5.5%c)3.8%d)1.2%e)None of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper?a)4.5%b)5.5%c)3.8%d)1.2%e)None of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper?a)4.5%b)5.5%c)3.8%d)1.2%e)None of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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