A pharmaceutical company manufactures 6000 strips of prescribed diabetic drugs for Rs. 8,00,000 every month. In July 2014, the company supplied 600 strips of free medicines to the doctors at various hospitals. Of the remaining medicines, it was able to sell 4/5th of the strips at 25 pecent discount and the balance at the printed price of Rs. 250. Assuming vendor’s discount at the rate of a uniform 30 percent of the total revenue, the approximate percentage profit / loss of the pharmaceutical company in July 2014 is:
Explanation:
600 strips were given free to doctors.
Of 5400 strips, (4/5) × 5400 = 4320 strips were sold at 25% discount.
Revenue generated from these strips
= 250 × 0.75 × 4320 = Rs. 8,10,000
Revenue generated from (5400 – 4320 =) 1080 strips = 250 × 1080 = Rs. 2,70,000
Total revenue = Rs. 10,80,000
Vendor’s discount = 30% of the total revenue.
∴ Total earning = 70% of 1080000 = Rs. 7,56,000
Loss = Rs. 44,000
% loss = 5.5
Hence, option (c).
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