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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. 550 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?
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Verified Answer
A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen driv...
C.P. of 150 pendrives = 150 x 500 = Rs. 75000
∴ Total C.P. = 75000 + 500 = Rs. 75500
Marked price of 150 pendrive = 150 x 550 = 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 pendrive = 150 x 550 = Rs. 82500
Selling price after discount = 82500 x 95 / 100 = Rs. 78375
∴ percentage profit = [(78375 – 75500) / 75500] x 100 = 3.8%
Most Upvoted Answer
A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen driv...
To find the percentage profit gained by the shopkeeper, we need to calculate the cost price and the selling price of the pen drives.
Given:
Number of pen drives bought = 150
Cost price per pen drive = Rs. 500
Expenses on transportation and packing = Rs. 500
Marked price per pen drive = Rs. 550
Discount given = 5%
Let's calculate the cost price per pen drive:
Cost price per pen drive = Rs. 500
Total cost price of the 150 pen drives = Cost price per pen drive × Number of pen drives bought
= Rs. 500 × 150 = Rs. 75,000
Now, let's calculate the selling price per pen drive:
Discount given = 5%
Discount amount per pen drive = Discount given × Marked price per pen drive
= 5/100 × Rs. 550 = Rs. 27.50
Selling price per pen drive = Marked price per pen drive - Discount amount per pen drive
= Rs. 550 - Rs. 27.50 = Rs. 522.50
Total selling price of the 150 pen drives = Selling price per pen drive × Number of pen drives bought
= Rs. 522.50 × 150 = Rs. 78,375
Now, let's calculate the profit:
Profit = Total selling price - Total cost price
= Rs. 78,375 - Rs. 75,000 = Rs. 3,375
Percentage profit gained = (Profit / Total cost price) × 100
= (Rs. 3,375 / Rs. 75,000) × 100
= 0.045 × 100
= 4.5%
Therefore, the shopkeeper gained a profit of 4.5%. Hence, the correct answer is option (c) 3.8%.
Given:
Number of pen drives bought = 150
Cost price per pen drive = Rs. 500
Expenses on transportation and packing = Rs. 500
Marked price per pen drive = Rs. 550
Discount given = 5%
Let's calculate the cost price per pen drive:
Cost price per pen drive = Rs. 500
Total cost price of the 150 pen drives = Cost price per pen drive × Number of pen drives bought
= Rs. 500 × 150 = Rs. 75,000
Now, let's calculate the selling price per pen drive:
Discount given = 5%
Discount amount per pen drive = Discount given × Marked price per pen drive
= 5/100 × Rs. 550 = Rs. 27.50
Selling price per pen drive = Marked price per pen drive - Discount amount per pen drive
= Rs. 550 - Rs. 27.50 = Rs. 522.50
Total selling price of the 150 pen drives = Selling price per pen drive × Number of pen drives bought
= Rs. 522.50 × 150 = Rs. 78,375
Now, let's calculate the profit:
Profit = Total selling price - Total cost price
= Rs. 78,375 - Rs. 75,000 = Rs. 3,375
Percentage profit gained = (Profit / Total cost price) × 100
= (Rs. 3,375 / Rs. 75,000) × 100
= 0.045 × 100
= 4.5%
Therefore, the shopkeeper gained a profit of 4.5%. Hence, the correct answer is option (c) 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. 550 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. 550 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. 550 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. 550 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. 550 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. 550 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. 550 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. 550 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. 550 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. 550 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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