Answer:
Cost price of each cup = 1500/6 = 250
Selling price of each cup = 1650/5 = 330
Step-by-step explanation:
Cost price of cups = 1500
Profit = 10%
Selling price of cups = ?
Profit and loss percentage are calculated based on cost price and the formula to calculate profit is mentioned as under:
Profit percentage (%) = Profit x 100/Cost price
10 = Profit x 100/1500
⇒ Profit = 10 x 1500/100
⇒ Profit = 150
The formula for finding selling price is mentioned as under:
Selling Price = Profit + Cost Price.
Selling Price = 150 + 1500
⇒ Selling Price = 1650.
Since one of the six cups was broken that means the seller earned profit based on only 5 cups, it implies that selling price of each cup will be 1650/5 = 330.
