Question

A shopkeeper bought 10 hockey sticks at price of ₹ 500 each. If he sells them at price of 2 for ₹1200. How much profit will he able to make by selling all the hockey sticks?

• A. ₹ 4000
• B. ₹ 3000
• C. ₹ 2000
• D. ₹ 1000

Answer 1

The correct option is D ₹ 1000

Amount spend on buying 1 hockey stick = ₹ 500
Amount spend on buying 10 hockey sticks
= ₹ 500 $\times$ 10
= ₹ 5000

Amount recieved on selling 2 hockey sticks
= ₹ 1200
Amount recieved on selling 1 hockey sticks
= ₹ 600
Amount recieved on selling 10 hockey sticks
= ₹ 600 $\times$ 10
= ₹ 6000

Total Profit
= Total Amount recieved - Total Amount spend
= ₹ 6000 - ₹ 5000
= ₹ 1000