A shopkeeper bought $1000$ coconuts for Rs. $8500,$ out of which $50$ coconuts were spoiled. He sold the remaining coconuts for Rs. $12$ each. Find the profit and profit percentage earned by the shopkeeper.

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Solution

Given, Shopkeeper bought $1000$ coconuts for Rs. $8500$ .
$50$ coconuts spoiled.

He sold remaining coconuts for Rs. $12$ each.
Cost of $1$ coconut $= 8500 / 1000 = 8.5 / -$

$∴$ Cost of $1$ coconut $=$ Rs. $8.5$
$50$ spoiled $= 1000 - 50 = 950$

Sold for each Rs. $12 = 950 \times 12 =$ Rs. $11.400$
He got $11, 400 - 8500 = 2900$
$∴$ Profit $=$ Rs. $2900$

Profit percentage $= \frac{p r o f i t}{C . P .} \times 100$
$= \frac{2900}{8500} \times 100$

$= 34.1 %$ .

$∴$ Profit $=$ Rs. $2900$
Profit $% = 34.1 %$ .

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