Knowee
Questions
Features
Study Tools

Aayush buys 70 cups, at the rate of Rs 20 each, but he could sell only 50 cups and earned a profit of 717717%. At what rate did he sell each cup?Rs 25Rs 27Rs 30Rs 22

Question

Aayush buys 70 cups, at the rate of Rs 20 each, but he could sell only 50 cups and earned a profit of 717717%. At what rate did he sell each cup?Rs 25Rs 27Rs 30Rs 22

🧐 Not the exact question you are looking for?Go ask a question

Solution

To solve this problem, we first need to calculate the cost price of the cups that Aayush bought.

Step 1: Calculate the cost price Aayush bought 70 cups at the rate of Rs 20 each. So, the total cost price = 70 * 20 = Rs 1400.

Step 2: Calculate the selling price Aayush sold 50 cups and earned a profit of 717717%. This means that the selling price was 717717% more than the cost price.

To calculate the selling price, we first need to convert the profit percentage to a decimal. 717717% = 717717/100 = 7177.17 times the cost price.

So, the total selling price = cost price + profit = 1400 + 7177.17 * 1400 = Rs 10,048,438.

Step 3: Calculate the selling price per cup Aayush sold 50 cups for Rs 10,048,438. So, the selling price per cup = total selling price / number of cups sold = 10,048,438 / 50 = Rs 200,968.76.

Therefore, Aayush sold each cup for Rs 200,968.76.

However, this answer does not match any of the options given (Rs 25, Rs 27, Rs 30, Rs 22). It seems like there might be a mistake in the problem, as a profit of 717717% is extremely high and results in an unrealistic selling price.

This problem has been solved

Similar Questions

Arun makes a profit of 40% on cost price by selling a Cooler for Rs. 5600. If the cost price of the Cooler is increased by 20% and he wants to earn the same profit, what will be the new profit percent on selling price?a.18%b.25%c.14%d.27%

Chaman sells 40 fans at 10% profit.He wants a total of 20% profit on the entire sale.Since he got 160 fans at rate of Rs.100 each, at what profit must he sell the remaining fans?70/3%160/58%30%100/3%

Select the correct answerA man sold an article for Rs 6800 and incurred a loss. Had he sold the article for Rs7850, his gain would have been equal to half of the amount of loss that he incurred. At what price should he sell the article to have 20% profit?

Sumit purchased 20 dozens of bats at the rate of Rs. 450 per dozen. He sold each one of them at the rate of Rs. 40. What was his percentage profit

A shopkeeper marked up an article 50% above its cost price and allowed a discount of 16%. If shopkeeper received a profit of Rs 624, then find the profit percentage when shopkeeper sold the article at Rs 2880.

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.