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A shoe company sold 50 pairs of shoes on a day costing $ 189.50 each for $ 10,000. Then the profit obtained in $ is
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- 522
- 525
- 573
- 612
Correct Option: B
Given , C.P. of 1 pairs of shoes = $ 189.50
∴ C.P. of 50 pairs of shoes = $ (50 × 189.50) = $ 9475
Selling Price of 50 pairs of shoes = $ 10000
Required Gain = Selling Price of 50 pairs of shoes - Cost Price of 50 pairs of shoes
∴ Required Gain = $ (10000 – 9475)= $ 525
