All Exams Test series for 1 year @ ₹349 only
Question

56 tube lights were purchased for ₹56, and 20 tube lights broke in transit. The trader sold the remaining tube lights at ₹4.60 each. Find his profit.

The correct answer is
₹109.60

Understanding the Problem: Tube Light Profit Calculation

This problem involves calculating the profit made by a trader who bought 56 tube lights but some were damaged during transit. We need to find the net profit after selling the remaining ones.

Given Information:

  • Number of tube lights purchased: 56
  • Total cost price (CP) for 56 tube lights: ₹56
  • Number of tube lights broken in transit: 20
  • Selling price (SP) per remaining tube light: ₹4.60

Step-by-Step Calculation:

1. Calculate Cost Price (CP) per Tube Light:

First, let's find out how much the trader paid for each tube light.

The total cost for 56 tube lights was ₹56.

CP per tube light = Total Cost / Number of Tube Lights Purchased

$ \text{CP per tube light} = \frac{₹56}{56} = ₹1 $

So, each tube light originally cost ₹1.

2. Calculate the Number of Tube Lights Sold:

Some tube lights were broken, so we need to determine how many were actually available for sale.

Number of tube lights sold = Total purchased - Number broken

$ \text{Number sold} = 56 - 20 = 36 $

The trader sold 36 tube lights.

3. Calculate the Total Selling Price (SP):

Now, let's calculate the total revenue earned from selling the remaining tube lights.

Total SP = Number of tube lights sold \(\times\) Selling price per tube light

$ \text{Total SP} = 36 \times ₹4.60 $

To calculate this:

$ 36 \times 4.60 = 165.60 $

The total amount earned from selling the tube lights was ₹165.60.

4. Calculate the Profit:

Profit is the difference between the total selling price and the total cost price.

Profit = Total SP - Total CP

$ \text{Profit} = ₹165.60 - ₹56 $

$ \text{Profit} = ₹109.60 $

Conclusion:

The trader made a profit of ₹109.60 from selling the tube lights.

Was this answer helpful?

Important Questions from Profit and Loss

  1. Veer bought some sharpeners at the rate of ₹180/dozen. He sold them for ₹23 each. His profit percentage is ____ % (rounded off to two decimal places).
  2. A shopkeeper lists the price of a fan at 60% above its cost price and offers a 15% discount on its list price. If he earns a profit of ₹117, then what is the list price (in ₹) of the fan?
  3. The marked price of an article is ₹800. It is sold at two successive discounts of 24% and 15%, respectively. Find the selling price of the article.
  4. A discount of 13% on the marked price of an article is allowed and then the article is sold for ₹348. The marked price of the article is:
  5. A trader claims to sell grains at a profit of 29%, but also dishonestly uses a weight which is 13% less than what is mentioned on it. Find the total percentage of profit earned by the trader. (Round off the answer to the nearest whole number.)
Need Expert Advice?

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App