Question

A shopkeeper purchased 60 pencil boxes for 4.500 and sold at the rate of 4.125 for 50 pencil boxes. How

Answer 1

Answer: 10%

Step-by-step explanation:

Since the shopkeeper purchased 60 pencil boxes for 4,500, he purchased them at the rate of:

= 4500 / 60

= 85 per pencil box

If the shopkeeper sold them at the rate of 4,125 for 50 pencil boxes, then he sold them at the rate of:

= 4125 / 50

= 82.50 per pencil box.

Therefore the percentage profit will be:

= Gain / Cost price × 100

= (82.50 - 75) / 75 × 100

= 7.5/75 × 100

= 10%