LIVE Course for free

Rated by 1 million+ students
Get app now
0 votes
in Aptitude by (30.0k points)
closed by
Ram bought an iPhone for Rs.75,000, Mac book for Rs.95,000, iPad for Rs.30,000 and sold all the items to Shyam at an average price of Rs.70,000. How much Profit did Ram made out of the deal?
1. Rs.11,000
2. Rs.12,000
3. Rs.10,000
4. Rs.10,500

1 Answer

0 votes
by (53.7k points)
selected by
Best answer
Correct Answer - Option 3 : Rs.10,000


Price of iPhone = Rs.75,000

Price of Mac book = Rs.95,000

Price of iPad = Rs.30,000

All items are sold to Shyam at an average price of Rs.70,000. 

Formula used

Profit = Sell price - cost price 


Total Cost Price = 75,000 + 95,000 + 30,000 = Rs. 200000

Average sell price = 70,000

Total Sell Price of 3 items = 70,000 × 3 = 210000

Profit = 210000 - 200000 = 10,000 Rs.

∴ The Profit is Rs. 10,000.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.