Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
A departmental store receives a shipment of 1000 pens, for which it pays ₹ 9000. The store sells the pens at a price 80 percent above cost for one month, after which it reduces the price of the pens to 20 percent above cost. The store sells 75 percent of the pens during the first month and 50 percent of the remaining pens afterwards. How much gross income did the sales of the pens generate?
(a)₹ 10000
(b)₹ 10800
(c)₹ 12150
(d)₹ 13500
Answer
Answer (as printed): D
Explanation
C.P. of each pen = ₹$\left(\frac{9000}{1000}\right)$ = ₹ 9. Pens sold during first month = 75\% of 1000 = 750. S.P. of each pen sold during first month = 180\% of ₹ 9 = ₹ $\frac{81}{5}$. Pens sold afterwards = 50\% of 250 = 125. S.P. of each pen sold afterwards = 120\% of ₹ 9 = ₹ $\frac{54}{5}$. Total S.P. = ₹$\left(750 \times \frac{81}{5}+125 \times \frac{54}{5}\right)$ = ₹(12150 + 1350) = ₹ 13500.
Explanation as extracted from the printed page; notation may be imperfect.