Shreya Halder asked 2 years ago
- A retailer purchased 4,000 units of a certain product at a cost of BDT 400 each. The product was marked up by 20% and sold to customers. However, 10% of the products were returned and refunded at 65% of the purchase price. What was the retailer's approximate profit or loss as a percentage of its initial cost for the 4,000 units?
1 Answers
Study Mate gbfcdvbv answered 2 years ago
Total Cost Price is = 4000 x 400=16,00,000/- ;Sell price per unit = 400 x 120/100 = 480/- ;Total sold product= 4000 x 90/100 = 3600 pc ;Total selling price= 3600 x 480 = 17,28,000/- ;If he returns the remaining 400 products at 65% of the cost price he will get = 400 x (400 x 65/100)= 104,000/- ;So the total money he gets = 17,28,000/- + 104,000/- = 18,32,000/- ;Total Profit = 18,32,000 - 16,00,000 = 232,000/- ;
Profit in percentage = 232000 x 100 / 1600000 = 14.5%
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