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A shopkeeper buys 200 bicycles at ₹ 1200 per bicycle. He spends ₹ 30 per bicycle on transportation. He also spends ₹ 4000 on advertising. Then he sells all the bicycles at ₹ 1350 per piece. Find his profit or loss.

Also, calculate it as a percentage. Looking to do well in your science exam ? Learn from an expert tutor. Book a free class!

It is given that

C.P. of one bicycle = ₹ 1200

C.P. of 200 bicycle = 1200 × 200 = ₹ 240000

Expenditure on transportation for one bicycle = ₹ 30

Expenditure on transportation for 200 bicycle = 30 × 200 = ₹ 6000

Expenditure on advertising = ₹ 4000

We know that

Net C.P. of the bicycle = 240000 + 6000 + 4000

= ₹ 250000

S.P. of 200 bicycle at ₹ 1350 per bicycle = 200 × 1350

= ₹ 270000

So profit = S.P – C.P.

Substituting the values

= 270000 – 250000

= ₹ 20000

Here

Profit % = [Profit/ C.P. × 100] %

Substituting the values

= [20000/ 250000 × 100] %

So we get

= 200/25 %

= 8%

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