The cost price of some table lamps is ₹25,000. The shopkeeper will get ₹15,000 more If he sells these table lamps for ₹1,200 per lamp instead of ₹900 per lamp. Find the selling price of 23 table lamps if he earned 21% profit.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e ₹13,915.
Difference in selling price per lamp = 1200 − 900 = ₹300
This ₹300 extra per lamp gives ₹15,000 more in total.
So, number of lamps = 15000 ÷ 300 = 50 lamps
Total cost price = ₹25,000 for 50 lamps
Cost price per lamp = 25000 ÷ 50 = ₹500
Profit = 21% of 500 = 105
Selling price per lamp = 500 + 105 = ₹605
Selling price of 23 lamps = 23 × 605 = ₹13,915