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- Standard 13
- Quantitative Aptitude
7.Profit and Loss
hard
A shopkeeper purchased $150$ identical pieces of furniture at the rate of $Rs.\, 250$ each. He spent an amount of $Rs.\, 2500$ on packing. He fixed the price of each each furniture at $Rs.\, 320$. However, he decided fe give a discount of $5 \%$ on the labeled price. What is the percent profit earned by him?
A
$16$
B
$15$
C
$14$
D
$20$
Solution
cost Price of each furniture (including packeging)
$=$ Rs. $\left[250+\frac{2500}{150}\right]=$ $Rs.$ $\frac{800}{3}$
Marked price (given) $=$ $Rs. 320$
$SP$ $(5 \%$ discount on $MP )=$ $Rs.$ $[320-16]=$ $Rs. 304$
$\Rightarrow$ $\%$ Profit $=\frac{304-\frac{800}{3}}{\frac{800}{3}} \times 100=14 \%$
Standard 13
Quantitative Aptitude
