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Prathiba printers prepares diaries expecting to earn a profit of 40% by selling on the marked price. But during transportation 8% diaries were got spoiled due to at random rain and 32% could be sold only at 75% of the cost price. Thus the remaining 60% diaries could be sold at the expected price. What is the net profit or loss in the whole consignment?
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- 6%
- 10%
- 8%
- can’t be determined
Correct Option: C
Let the numbers of diaries (produced) be 100 and the cost price of a diary be Rs. 1 then
Total cost incurred = 100 x 1 = 100
Total sale price = 32 x 0.75 + 60 x 1.4 = 108
Therefore profit = Rs. 8
Thus there is 8% profit.
Note : Marked price (i.e. expected) = 40% above the cost price.
