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A shopkeeper purchased an item for ₹1000. He spent ₹500 on transportation, ₹200 on labour, and ₹300 on packaging. He then sells it at 25% profit to a customer. The customer spends ₹200 on it and sells it at 30% profit. The shopkeeper’s selling price is approximately what percent more or less than the customer’s selling price?
- 52%
- 29%
- 36%
- 43%
Correct answer: 29%
Solution
The shopkeeper’s cost price is ₹1000 + ₹500 + ₹200 + ₹300 = ₹2000, so his selling price is ₹2500. The customer’s cost price is ₹2500 + ₹200 = ₹2700, so his selling price is ₹3510. The shopkeeper’s selling price is about 29% less than the customer’s selling price.
Related IBPS PO General Awareness questions
- Ram marked the price of an article 25% above its cost price and then gave a 10% discount to a customer. Find the selling price if the cost price is ₹5000.
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