93 light bulbs were purchased for ₹93, and 19 light bulbs broke in transit. The trader sold the remaining light bulbs at ₹1.40 each. Find his profit.
- AOption (a)
₹10.30
- BOption (b)
₹10.60
- COption (c)
₹10.10
- DOption (d)
₹10.20
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Correct answer
₹10.60
Why this answer is correct
Shortcut Trick
Total CP of all bulbs = ₹93.
Number of good bulbs remaining = 93 − 19 = 74.
Total SP of remaining bulbs = 74 × ₹1.40 = ₹103.60.
Profit = Total SP − Total CP = 103.60 − 93 = ₹10.60.
∴ The correct answer is ₹10.60.
Alternate Method
Given:
Total bulbs purchased = 93
Total Cost Price (CP) = ₹93
Number of broken bulbs in transit = 19
Selling Price (SP) of one remaining bulb = ₹1.40
Formula Used:
Profit = Total Selling Price − Total Cost Price
Total CP = ₹93
CP Portion = ₹93
Profit = ₹10.60
74 bulbs × ₹1.40 = ₹103.60 (Total SP)
Total SP = ₹103.60
Calculation:
⇒ Number of remaining good bulbs = 93 − 19 = 74
⇒ Total Selling Price = 74 × 1.40
⇒ Total SP = ₹103.60
⇒ Profit = Total SP − Total CP
⇒ Profit = 103.60 − 93 = 10.60
∴ The correct answer is ₹10.60.
Additional Information
Profit and Loss Basics
Profit occurs when the Selling Price (SP) is strictly greater than the Cost Price (CP). Profit = SP − CP.
Loss Scenario
If the total revenue from selling the remaining items is less than the total cost price due to damage or low rates, a loss is incurred. Loss = CP − SP.
Profit / Loss Percentage
Profit or Loss percentage is always evaluated on the total investment or Cost Price unless stated otherwise: Profit % = (Profit ÷ CP) × 100.