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Question : A vendor expects a gain of 15% on his cost price. If in a month, his sales were of Rs. 138000, then what was his profit?

Option 1: Rs. 18000

Option 2: Rs. 15500

Option 3: Rs. 12000

Option 4: Rs. 13800


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Rs. 18000


Solution : The vendor expects a gain of 15% on his cost price.
This means that the selling price is 115% of the cost price.
The selling price is Rs. 138000, then the cost price = $\frac{138000×100}{115}$ = Rs. 120000
$\therefore$ Profit = Rs. 138000 – Rs. 120000 = Rs. 18000
Hence, the correct answer is Rs. 18000.

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