An article is sold for ₹ 300 at a profit of 20%. Had it been sold for ₹ 235, the loss percentage would have been?

3%
5%
6%
16%

Correct Answer: 6%

Explanation:

Let the cost price of article = ₹ N
Then, 120% of N = 300
⇒ (120 x N)/100 = 300
∴ N = (300 x 100)/120 = ₹ 250
Now, SP = ₹ 235
Then, loss percentage = [(250 - 235)/250 ] x 100 = 6%

More Questions from Profit and Loss

Neeta got profit of 10% on selling an article in ₹ 220. To get the profit of 30%, she should sell the article in how many rupees?
The profit earned after selling a pair of shoes for ₹ 2033 is the same as the loss incurred after selling the same pair of shoes for ₹ 1063. What is the cost price of the shoes?
A man sells an article at a profit of 40%. If he had bought it at 40% less and sold for ₹ 5 less, he would have gained 50% . Find the cost price of the article .
A person sold his watch for ₹ 75 and got a percentage profit equal to the cost price. The cost price of the watch is.
Two lots of onions with equal quantity, one costing ₹ 10 per kg and the other costing ₹ 15 per kg, are mixed together and whole lot is sold at ₹ 15 per kg. What is the profit or loss?
A vender sells lemons at the rate of 5 for ₹ 14. gaining thereby 40%. For how much did he buy a dozen lemon?
By selling 32 orange for ₹ 30 a man loses 25%. How many oranges should be sold for ₹ 24 so as to gain 20% in the transaction?
Kamlesh purchased 120 reams of paper at ₹ 100 per ream and the expenditure on transport was ₹ 480. He had to pay an octroi duty of 50 paise per ream and the coolie charges were ₹ 60. What should he charge per ream to gain 40%?
A producer of a tea blends two varieties of tea from tea gardens one costing ₹ 18 per kg and another ₹ 20 kg in the ratio 5 : 3. If he sells the blended variety at ₹ 21 per kg, then his gain percentage is
Pens are bought at 5 for ₹ 4 and sold at 4 for ₹ 5. Find the gain per cent.

Discussion & Comments

No comments yet. Be the first to comment!