community around the world.

Activity Discussion Math Profit, loss and discount

• # Profit, loss and discount

Posted by on June 23, 2023 at 12:32 pm

A store bought a batch of 100 identical products at a cost price of ₹10 each. The store then sold 80 of these products at a selling price of ₹15 each and the remaining 20 products at a selling price of ₹20 each. Calculate the overall profit or loss percentage made by the store on the entire batch of products.

replied 3 months ago 2 Members · 1 Reply
• ### Harsheet

Member
June 23, 2023 at 8:18 pm
0

Total products= 100

C.P(cost price) For each product =10rs

Total C.P= total products× price of each product

100×10

C.P = 1000Rs

Now,

S.P for 80 products × 80×15 =1200 Rs

S.P of 20 remaining product= 20×20 =400 Rs

Total S.P = 1200+400

=1600Rs

S.P > C.P

So it is a profit

Profit= S.P – C.P

= 1600-1000

=600

Profit %= profit/C.P ×100

600/1000 ×100

=0.6×100

=60%

Total profit= 60%

Start of Discussion
0 of 0 replies June 2018
Now
+