Question 7 of 29intermediate🔧 ApplyNumerical2 marks

Dwarakanath purchases notebooks at a wholesale price of ₹23.6 per piece and sells each notebook at ₹30/-. How much profit does he make if he sells 50 books in a week?

Correct Answer

Given: Selling price = ₹30 per notebook Purchase price = ₹23.6 per notebook Number of books sold = 50

Formula: Profit per notebook = Selling price - Purchase price

Calculation: Profit per notebook = 30 - 23.6 = 6.4 Total profit = 6.4×506.4 \times 50 = 320

Answer: Dwarakanath makes a profit of ₹320.

Exercise: Figure it Out (Section 1) | Q: 7 | (Page Page 7)
For More Understanding

Explanation

Profit per notebook = Selling price - Purchase price = 30 - 23.6 = 6.4. Total profit = 6.4×506.4 \times 50 = 320.

Solution Steps

  1. Profit per notebook = 30 - 23.6 = 6.4

  2. Number of books sold = 50

  3. Total profit = 6.4×506.4 \times 50 = 320

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