Question

A shopkeeper purchased 60 pencil boxes for 4.500 and sold at the rate of 4.125 for 50 pencil boxes. How

much profit present does he make on selling all the pencil boxes?
5%
7%
10%
12%
​

Answer 1

Answer: 10%

Explanation:

Since the shopkeeper purchased 60 pencil boxes for 4,500, he purchased them at the rate of:

= 4500 / 60

= 85 per pencil box

If the shopkeeper sold them at the rate of 4,125 for 50 pencil boxes, then he sold them at the rate of:

= 4125 / 50

= 82.50 per pencil box.

Therefore the percentage profit will be:

= Gain / Cost price × 100

= (82.50 - 75) / 75 × 100

= 7.5/75 × 100

= 10%