Question

One hundred and fifty articles of the same kind were bought by a supplier for Rs 12,570 and Rs 12.50 per article was spent on its packing, transportation, etc. If 60% of the articles were sold for Rs 115 each and the remaining for Rs 120 each; find the profit he made.

• A. 3278
• B. 2598
• C. 2925
• D. 3346

Answer 1

The correct option is C

2925

Number of articles bought = 150

Cost price of these articles = 12,750

Money spent =$150\times 12.50=1875$

Total cost price = 12750 + 1875 = 14625

60% were sold

So, $\frac{60}{100}\times 150=90$

150 - 90 = 60

Selling price =$90\times Rs115+60\times Rs120=17550$

Profit = Selling Price - Cost Price

17550 - 14625 = 2925