Abhishek purchased 140 shirts and 250 trouser | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(C) Total Cost Price $(CP)$ of $140$ shirts and $250$ trousers is calculated as:$Total CP = (140 	imes 450) + (250 	imes 550) = 63000 + 137500 = Rs.

Vedclass · Accepted Answer

$720$

Vedclass · Answer

(C) Total Cost Price $(CP)$ of $140$ shirts and $250$ trousers is calculated as:$Total CP = (140 	imes 450) + (250 	imes 550) = 63000 + 137500 = Rs. 200500$To earn a $40 \%$ profit,the total Selling Price $(SP)$ must be:$Total SP = CP 	imes (1 + \frac{40}{100}) = 200500 	imes 1.4 = Rs. 280700$The total number of items is $140 + 250 = 390$.The average selling price per item is:$Average SP = \frac{Total SP}{Total Items} = \frac{280700}{390} \approx 719.74$Rounding off to the next integer,we get $Rs. 720$.

Abhishek purchased $140$ shirts and $250$ trousers at $Rs. 450$ and $Rs. 550$ respectively. What should be the overall average selling price of shirts and trousers so that $40 \%$ profit is earned? (in $Rs.$) (rounded off to the next integer)

Similar Questions

The ratio between the selling price and the cost price of an article is $7:5$. What is the ratio between the profit and the cost price of that article?

Find a simple discount equivalent to a discount series of $10 \%, 20 \%$ and $25 \%$ (in $\%$).

$A$ discount of $15 \%$ on one article is the same as a discount of $20 \%$ on another article. The costs of the two articles can be (in $Rs.$)

$A$ shopkeeper marks his goods at $25\%$ above his cost price and allows customers a discount of $12 \frac{1}{2}\%$ for cash. Find his $\%$ profit?

$A$ man bought some fruits at the rate of $16$ for $Rs. 24$ and sold them at the rate of $8$ for $Rs. 18$. What is the profit percent (in $\%$)?

Vedclass Test Series

Exam Paper Generator

Online Exam Module