New NABARD Workshop - Last 4 year trend. March 5 at 5 PM. Register here

    Question

    A shopkeeper acquires 24 pens at Rs. 900 each and 12

    geometry boxes at Rs. 300 each. Later, he sells 2 pens to each of the 12 students, presenting them with a free geometry box. To secure a 12% profit on the overall transaction, determine the percentage above the cost price at which he should sell the pens.
    A 50.67% Correct Answer Incorrect Answer
    B 30.67% Correct Answer Incorrect Answer
    C 45% Correct Answer Incorrect Answer
    D 59.56% Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Cost Price of two pens and a Geometry box  = 900 × 2 + 300  = 1800 + 300  = Rs.2100 Profit to be earned = 12% So, selling price = 1.12 × 2100 = Rs. 2352 Thus, selling price of one pen = 2352/2 = Rs. 1176 Therefore, required percentage increase over cost price  = {(1176 – 900)/900} × 100  = 30.67%

    Practice Next

    Relevant for Exams: