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A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were fused and had to be thrown away. The remaining were sold at Rs 12 each. Find the gain or loss %.
- a)15%
- b)13%
- c)16%
- d)none of these
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were...
Shopkeeper purchased 300 bulbs for ₹3000
If 10 bulbs were fused, the cost of 10 bulbs is ₹100
If he sell 290 bulbs as ₹12 each = 290×12 =3480
when he sell the the cost of each bulb as ₹12 he got ₹480 profit
As a percentage = 480÷3000×100=16
so he got 16% profit
If 10 bulbs were fused, the cost of 10 bulbs is ₹100
If he sell 290 bulbs as ₹12 each = 290×12 =3480
when he sell the the cost of each bulb as ₹12 he got ₹480 profit
As a percentage = 480÷3000×100=16
so he got 16% profit
Most Upvoted Answer
A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were...
To find the gain or loss percentage, we need to calculate the cost price (CP) and selling price (SP) of the bulbs.
1. Cost Price Calculation:
The shopkeeper purchased 300 bulbs for Rs 10 each, so the total cost price of the bulbs is:
CP = 300 bulbs × Rs 10/bulb
= Rs 3000
2. Selling Price Calculation:
Out of the 300 bulbs, 10 bulbs were fused and had to be thrown away. Therefore, the shopkeeper was able to sell only (300 - 10) = 290 bulbs.
The selling price of each bulb is Rs 12, so the total selling price of the bulbs is:
SP = 290 bulbs × Rs 12/bulb
= Rs 3480
3. Gain or Loss Calculation:
To calculate the gain or loss percentage, we use the formula:
Gain or Loss % = (SP - CP)/CP × 100
Substituting the values we have:
Gain or Loss % = (3480 - 3000)/3000 × 100
= 480/3000 × 100
= 16%
Therefore, the gain or loss percentage is 16%. Option C is the correct answer.
1. Cost Price Calculation:
The shopkeeper purchased 300 bulbs for Rs 10 each, so the total cost price of the bulbs is:
CP = 300 bulbs × Rs 10/bulb
= Rs 3000
2. Selling Price Calculation:
Out of the 300 bulbs, 10 bulbs were fused and had to be thrown away. Therefore, the shopkeeper was able to sell only (300 - 10) = 290 bulbs.
The selling price of each bulb is Rs 12, so the total selling price of the bulbs is:
SP = 290 bulbs × Rs 12/bulb
= Rs 3480
3. Gain or Loss Calculation:
To calculate the gain or loss percentage, we use the formula:
Gain or Loss % = (SP - CP)/CP × 100
Substituting the values we have:
Gain or Loss % = (3480 - 3000)/3000 × 100
= 480/3000 × 100
= 16%
Therefore, the gain or loss percentage is 16%. Option C is the correct answer.
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Community Answer
A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were...
Shopkeeper purchased 300 bulbs for ₹3000
If 10 bulbs were fused, the cost of 10 bulbs is ₹100
If he sell 290 bulbs as ₹12 each = 290×12 =3480
when he sell the the cost of each bulb as ₹12 he got ₹480 profit
As a percentage = 480÷3000×100=16
so he got 16% profit
If 10 bulbs were fused, the cost of 10 bulbs is ₹100
If he sell 290 bulbs as ₹12 each = 290×12 =3480
when he sell the the cost of each bulb as ₹12 he got ₹480 profit
As a percentage = 480÷3000×100=16
so he got 16% profit
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A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were fused and had to be thrown away. The remaining were sold at Rs 12 each. Find the gain or loss %.a)15%b)13%c)16%d)none of theseCorrect answer is option 'C'. Can you explain this answer?
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A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were fused and had to be thrown away. The remaining were sold at Rs 12 each. Find the gain or loss %.a)15%b)13%c)16%d)none of theseCorrect answer is option 'C'. Can you explain this answer? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were fused and had to be thrown away. The remaining were sold at Rs 12 each. Find the gain or loss %.a)15%b)13%c)16%d)none of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were fused and had to be thrown away. The remaining were sold at Rs 12 each. Find the gain or loss %.a)15%b)13%c)16%d)none of theseCorrect answer is option 'C'. Can you explain this answer?.
A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were fused and had to be thrown away. The remaining were sold at Rs 12 each. Find the gain or loss %.a)15%b)13%c)16%d)none of theseCorrect answer is option 'C'. Can you explain this answer? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were fused and had to be thrown away. The remaining were sold at Rs 12 each. Find the gain or loss %.a)15%b)13%c)16%d)none of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were fused and had to be thrown away. The remaining were sold at Rs 12 each. Find the gain or loss %.a)15%b)13%c)16%d)none of theseCorrect answer is option 'C'. Can you explain this answer?.
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A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were fused and had to be thrown away. The remaining were sold at Rs 12 each. Find the gain or loss %.a)15%b)13%c)16%d)none of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were fused and had to be thrown away. The remaining were sold at Rs 12 each. Find the gain or loss %.a)15%b)13%c)16%d)none of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of A shopkeeper purchased 300 bulbs for Rs 10 each. However 10 bulbs were fused and had to be thrown away. The remaining were sold at Rs 12 each. Find the gain or loss %.a)15%b)13%c)16%d)none of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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