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Profit and loss * A shopkeeper buys 200 bicycles at ₹1200 per bicycle he spends ₹30 per bicycle on transportation He also spend ₹4000 on advertising then he sells all the bicycles at ₹1350 per piece find his profit or loss also calculate its as a percentage.
Verified Answer
Profit and loss * A shopkeeper buys 200 bicycles at ₹1200 per bicycle ...
CP of 200 bicycles = 1200�200= ₹240000
On transportation= 200�30= ₹6000
On advertising= 4000
total CP = 240000+6000+4000= ₹250000
total SP= 1350�200 = 270000
Profit= 270000- 250000= ₹20000
profit%= 20000/250000�100
=8%
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Most Upvoted Answer
Profit and loss * A shopkeeper buys 200 bicycles at ₹1200 per bicycle ...
Cost Price Calculation
To determine the total cost incurred by the shopkeeper, we will calculate the cost of the bicycles, transportation, and advertising.
- Cost of Bicycles:
200 bicycles x ₹1200 per bicycle = ₹240,000
- Transportation Cost:
200 bicycles x ₹30 per bicycle = ₹6,000
- Advertising Cost:
₹4,000
- Total Cost Price:
Total Cost = Cost of Bicycles + Transportation Cost + Advertising Cost
Total Cost = ₹240,000 + ₹6,000 + ₹4,000 = ₹250,000
Revenue Calculation
Next, we will calculate the total revenue from selling the bicycles.
- Selling Price per Bicycle:
₹1350
- Total Revenue:
Total Revenue = Selling Price per Bicycle x Number of Bicycles
Total Revenue = ₹1350 x 200 = ₹270,000
Profit or Loss Calculation
Now we determine the profit or loss by subtracting the total cost from the total revenue.
- Profit/Loss:
Profit = Total Revenue - Total Cost
Profit = ₹270,000 - ₹250,000 = ₹20,000
Profit Percentage Calculation
To find the profit percentage, we use the formula:
- Profit Percentage:
Profit Percentage = (Profit / Total Cost) x 100
Profit Percentage = (₹20,000 / ₹250,000) x 100 = 8%
Conclusion
The shopkeeper makes a profit of ₹20,000, which is an 8% profit on his total cost.
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Profit and loss * A shopkeeper buys 200 bicycles at ₹1200 per bicycle he spends ₹30 per bicycle on transportation He also spend ₹4000 on advertising then he sells all the bicycles at ₹1350 per piece find his profit or loss also calculate its as a percentage.
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Profit and loss * A shopkeeper buys 200 bicycles at ₹1200 per bicycle he spends ₹30 per bicycle on transportation He also spend ₹4000 on advertising then he sells all the bicycles at ₹1350 per piece find his profit or loss also calculate its as a percentage. 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 Profit and loss * A shopkeeper buys 200 bicycles at ₹1200 per bicycle he spends ₹30 per bicycle on transportation He also spend ₹4000 on advertising then he sells all the bicycles at ₹1350 per piece find his profit or loss also calculate its as a percentage. covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Profit and loss * A shopkeeper buys 200 bicycles at ₹1200 per bicycle he spends ₹30 per bicycle on transportation He also spend ₹4000 on advertising then he sells all the bicycles at ₹1350 per piece find his profit or loss also calculate its as a percentage..
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