A trader purchases 100 smartphones at Rs. 12,000 each. He spends Rs. 30,000 on transportation and Rs. 20,000 on advertising. 10 phones are damaged in transit and sold at 50% loss. The remaining are sold at a 25% profit. What is his net profit or loss?
Rs. 1,60,000 profit
Total cost = 100 × 12,000 + 30,000 + 20,000 = 12,00,000 + 50,000 = Rs. 12,50,000.
Damaged phones (10) sold at 50% loss on the purchase price: 10 × 6,000 = Rs. 60,000.
Remaining 90 phones sold at 25% profit on the purchase price: 90 × 15,000 = Rs. 13,50,000.
Total revenue = 60,000 + 13,50,000 = Rs. 14,10,000.
Net result = 14,10,000 − 12,50,000 = Rs. 1,60,000 profit.
Hence, the trader makes a net profit of Rs. 1,60,000.
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