If restaurant makes a profit of 5 % on the selling price of each item and is open 25 days in the month of August, what is the approximate profit amount in August?

Rs. 5000

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Rs. 8000

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Rs. 6000

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Rs. 7500

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Solution

The correct option is D
Rs. 7500

Total collection for a day

Rs. [(1676 + 791 + 312 + 369 + 1594 + 1225)] = Rs. 5967

Profit for a day = Rs. $(5967 \times 5 100)$ = Rs. 298.35

Profit for a month = Rs. [298.35 $\times$ 25]

= Rs 7458.75

= Rs. 7500 (approx)

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Similar questions

On 1st August, 2016, a survey was conducted in a restaurant regarding flow of customer, type of customer, collection of money at the counter. The results are compiled in the table below.

Only one bill is issued per single customer or per customer group. Group here means more than one customer at one time. This represents a typical day’s scenario and all working days of the month will show the same data on each day.

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If restaurant makes a profit of 5 % on the selling price of each item and is open 25 days in the month of August, what is the approximate profit amount in August?

The correct option is D Rs. 7500 Total collection for a day Rs. [(1676 + 791 + 312 + 369 + 1594 + 1225)] = Rs. 5967 Profit for a day = Rs. (5967×5100) = Rs. 298.35 Profit for a month = Rs. [298.35 × 25] = Rs 7458.75 = Rs. 7500 (approx)

The correct option is D
Rs. 7500

Total collection for a day

Rs. [(1676 + 791 + 312 + 369 + 1594 + 1225)] = Rs. 5967

Profit for a day = Rs. $(5967 \times 5 100)$ = Rs. 298.35

Profit for a month = Rs. [298.35 $\times$ 25]

= Rs 7458.75

= Rs. 7500 (approx)