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A company manufactured a pair of shoes for Rs. 2000 and sold it to a dealer at a profit of 12.5%. The dealer further sold it to a customer at Rs. 2700. What is the profit percentage of the dealer?
  • a)
    10%
  • b)
    20%
  • c)
    30%
  • d)
    40%
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
A company manufactured a pair of shoes for Rs. 2000 and sold it to a d...
Original price of shoes = Rs. 2000
Profit of company = 12.5%
⇒ Price for dealer = 2000 + 12.5% of 2000 = 2000 + 1/8 × 2000 = 2000 + 250 = Rs. 2250
But, selling price of dealer = Rs. 2700
⇒ Profit earned by dealer = 2700 - 2250 = Rs. 450
∴ Profit percentage of dealer = 450/2250 × 100 = 20%
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Most Upvoted Answer
A company manufactured a pair of shoes for Rs. 2000 and sold it to a d...
Understanding the Cost Price and Selling Price
To find the dealer's profit percentage, we first need to determine the cost price at which the dealer bought the shoes from the manufacturer.
- Cost Price (CP) of Shoes for Manufacturer: Rs. 2000
- Profit Percentage of Manufacturer: 12.5%
Calculating the Selling Price of the Manufacturer
- Selling Price (SP) for Manufacturer:
- SP = CP + (Profit Percentage of CP)
- SP = 2000 + (12.5% of 2000)
- SP = 2000 + 250 = Rs. 2250
The dealer purchases the shoes from the manufacturer for Rs. 2250.
Dealer's Selling Price
- Selling Price (SP) by Dealer: Rs. 2700
Calculating the Dealer's Profit
- Profit of the Dealer:
- Profit = Selling Price - Cost Price
- Profit = 2700 - 2250 = Rs. 450
Calculating the Profit Percentage of the Dealer
- Profit Percentage:
- Profit Percentage = (Profit / Cost Price) × 100
- Profit Percentage = (450 / 2250) × 100 = 20%
Conclusion
The dealer made a profit percentage of 20%, confirming the correct answer is option 'B'.
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A company manufactured a pair of shoes for Rs. 2000 and sold it to a dealer at a profit of 12.5%. The dealer further sold it to a customer at Rs. 2700. What is the profit percentage of the dealer?a)10%b)20%c)30%d)40%Correct answer is option 'B'. Can you explain this answer?
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A company manufactured a pair of shoes for Rs. 2000 and sold it to a dealer at a profit of 12.5%. The dealer further sold it to a customer at Rs. 2700. What is the profit percentage of the dealer?a)10%b)20%c)30%d)40%Correct answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A company manufactured a pair of shoes for Rs. 2000 and sold it to a dealer at a profit of 12.5%. The dealer further sold it to a customer at Rs. 2700. What is the profit percentage of the dealer?a)10%b)20%c)30%d)40%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company manufactured a pair of shoes for Rs. 2000 and sold it to a dealer at a profit of 12.5%. The dealer further sold it to a customer at Rs. 2700. What is the profit percentage of the dealer?a)10%b)20%c)30%d)40%Correct answer is option 'B'. Can you explain this answer?.
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