Question
Download Solution PDFA shopkeeper purchased 1600 mangoes at the rate of ₹120 per dozen. Out of these, he sold 900 mangoes at ₹15 per mango and the remaining mangoes at ₹14 per mango. His gain percentage is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Total quantity of mangoes = 1600
Cost price of mangoes = Rs.120/dozen
Formula used:
Gain = (S.P - C.P)
Gain% = (P × 100)/C.P
Where, P = profit; C.P = cost price; S.P = selling price
Calculation:
Price of 12 mangoes = 120
Price of 1 mango = 120/12 = 10
Total C.P = 1600 × 10 = Rs.16000
Total S.P = 900 × 15 + 700 × 14
⇒ 13500 + 9800 = 23300
Gain = (23300 - 16000) = Rs.7300
Gain% = (Gain × 100)/C.P
⇒ (7300 × 100)/16000
⇒ 730/16 = 45.625%
∴ The correct answer is 45.625%.
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