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A shopkeeper bought 15 coffee markers for Rs.31500 and he also spends Rs.500 each for its repair. If he sold 15 coffee markers for Rs.46800, then find the profit percentage?
  • a)
    40%
  • b)
    10%
  • c)
    15%
  • d)
    20%
  • e)
    None of these
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A shopkeeper bought 15 coffee markers for Rs.31500 and he also spends...

Calculation of Profit Percentage:

1. Cost Price (CP) of 1 coffee maker:
Total cost of 15 coffee makers = Rs. 31500
Cost of 1 coffee maker = Rs. 31500 / 15 = Rs. 2100

2. Cost Price (CP) of 1 coffee maker after repair:
Cost of repair for 1 coffee maker = Rs. 500
Total cost after repair = Rs. 2100 + Rs. 500 = Rs. 2600

3. Total Cost Price (CP) for 15 coffee makers:
Total CP for 15 coffee makers = Rs. 2600 x 15 = Rs. 39000

4. Selling Price (SP) of 15 coffee makers:
Total selling price for 15 coffee makers = Rs. 46800

5. Profit:
Profit = SP - CP
Profit = Rs. 46800 - Rs. 39000 = Rs. 7800

6. Profit Percentage:
Profit Percentage = (Profit / CP) x 100
Profit Percentage = (7800 / 39000) x 100 = 20%

Therefore, the profit percentage is 20% for the shopkeeper. Hence, option 'D' is the correct answer.
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Community Answer
A shopkeeper bought 15 coffee markers for Rs.31500 and he also spends...
The shopkeeper bought each coffee marker = 31500/15 = Rs.2100
The cost price of each coffee marker = 2100 + 500 = Rs.2600
The selling price of each coffee marker = 46800/15 = Rs.3120
Required profit percentage = (3120 – 2600)/2600 * 100 = 520/26 = 20%
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A shopkeeper bought 15 coffee markers for Rs.31500 and he also spends Rs.500 each for its repair. If he sold 15 coffee markers for Rs.46800, then find the profit percentage?a)40%b)10%c)15%d)20%e)None of theseCorrect answer is option 'D'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about A shopkeeper bought 15 coffee markers for Rs.31500 and he also spends Rs.500 each for its repair. If he sold 15 coffee markers for Rs.46800, then find the profit percentage?a)40%b)10%c)15%d)20%e)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper bought 15 coffee markers for Rs.31500 and he also spends Rs.500 each for its repair. If he sold 15 coffee markers for Rs.46800, then find the profit percentage?a)40%b)10%c)15%d)20%e)None of theseCorrect answer is option 'D'. Can you explain this answer?.
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