Question
A shopkeeper bought 100 identical tubelights
priced at Rs. 265 each. He spent a total of Rs. 2600 on transportation and packaging. He put the label of marked price of Rs. 400 on each tubelight. He offered a discount of 24% on each tubelight at the marked price. What is the total profit of the shopkeeper in the whole transcation?Solution
Total actual cost = (100 x 265 + 212600 00) = (26500 + 2600) = Rs. 29100 Discount on MRP = 24% SP of each tubelight = 400 x 76/100 = Rs. 304 SP of 100 tubelights = 100 x 304 = Rs. 30400 Profit = 30400 – 29100 = Rs. 1300
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