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Activity Discussion Math Profit, loss and discount

  • Profit, loss and discount

    Posted by Aditi 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.

    Harsheet replied 10 months, 4 weeks ago 2 Members · 1 Reply
  • 1 Reply
  • Harsheet

    Member
    June 23, 2023 at 8:18 pm
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    ::

    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%



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