A man bought 30 pens at ₹12 each and 20 pens at ₹15 each. He sold all pens at ₹18 each.
What is his total profit?
Show answer & explanation
Correct answer: A
Explanation
Total Cost = (Quantity × Rate)
Total Sales = Total Pens × Selling Price
Total Cost = 30 × 12 + 20 × 15 = 360 + 300 = 660
Total Pens = 50
Total Sales = 50 × 18 = 900
Profit = 900 − 660 = ₹240