Question
Easy
A trader buys 12 fans for ₹24,000. He marks each fan at 25% above the cost price. If he sells all fans by giving 10% discount on the marked price, then his overall profit (in) is :
1
2700
2
3000
3
3200
4
3500
Question Details
Time to Solve: 12
Exam: CTET
Level/Paper: CTET_P2
Chapter: Finance
Topic: Profit & Loss
Correct Answer
Option B
Explanation
To determine the overall profit when the trader sells the fans, let's go through the calculations step by step, ensuring that Option 2 is indeed the correct answer. 1. Cost Price Calculation: - The trader buys 12 fans for ₹24,000. - Therefore, the cost price (CP) per fan = ₹24,000 / 12 = ₹2,000. 2. Marked Price Calculation: - Each fan is marked at 25% above the cost price. -…Read More
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