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- Question
A seller uses 840 gm in place of 1 kg to sell his goods. Find his actual profit/loss % When he sells his article on 4% loss on cost price ?
Options- A. 14.28 % profit
- B. 24.18 % profit
- C. 14.28 % loss
- D. 24.18 % loss
- Correct Answer
- 14.28 % profit
ExplanationLet 1kg of Rs. 100 then 840gm is of Rs. 84.
Now (label on can 1kg but contains 840kg ) so for customer it is of Rs. 100 and further gives 4% discount [he sells his article on 4% loss on cost price.]
So now S.P = Rs. 96
But actually it contains 840 gm so C.P for shopkeeper = Rs. 84
S.P = Rs. 96
C.P = Rs. 84
Profit% = {(S.P-C.P)/C.P}x100
{(96-84)/84} x 100 = 14.28571429% PROFIT. - 1. Namitha sold a powerbank which is at the cost of Rs. 1950 at a loss of 25%. Find at what cost will she have to sell it to get a profit of 25%?
Options- A. Rs. 3680
- B. Rs. 3560
- C. Rs. 3320
- D. Rs. 3250 Discuss
- 2. Uma sold an article for 3400 and got a profit of 25%. If he had sold the article for Rs. 3265. How much profit% would Uma have got ?
Options- A. 22%
- B. 27%
- C. 20%
- D. 18% Discuss
- 3. Raju sold an article by giving a discount of 8% for Rs. 17,940 and earn profit of 19.6 %. If he did not give discount then how much profit percentage he gets ?
Options- A. 27%
- B. 30%
- C. 32%
- D. 25% Discuss
- 4. The cost price of an article is 54% of the marked price. Calculate the gain percent after allowing a discount of 15% ?
Options- A. 51.32 %
- B. 49.23 %
- C. 48.4 %
- D. 46.8 % Discuss
- 5. Arun purchased 30 kg of wheat at the rate of Rs. 11.50 per kg and 20 kg of wheat at the rate of 14.25 per kg. He mixed the two and sold the mixture. Approximately what price per kg should be sell the mixture to make 30% profit ?
Options- A. Rs. 17.80
- B. Rs. 16.30
- C. Rs. 14
- D. Rs. 15.40 Discuss
- 6. A driver of auto rickshaw makes a profit of 20% on every trip when he carries 3 passengers and the price of petrol is Rs. 30 a litre. Find the % profit for the same journey if he goes for 4 passengers per trip and the price of petrol reduces to Rs. 24 litres ?
Options- A. 68%
- B. 80%
- C. 75%
- D. 100% Discuss
- 7. The cost price of three varieties of mangoes namely M, N and O is Rs. 20/kg, Rs. 40/kg and Rs. 50/kg respectively. Find the selling price of one kg of mango in which these three varieties of mangoes are mixed in the ratio of 2 : 3 : 5 such that there is a net profit of 20%?
Options- A. Rs. 47
- B. Rs. 49.2
- C. Rs. 48.5
- D. Rs. 50.3 Discuss
- 8. ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. What is the loss incurred by ITC?
Options- A. 1%
- B. 2%
- C. 4%
- D. 0% Discuss
- 9. On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is ?
Options- A. Rs. 55
- B. Rs. 60
- C. Rs. 65
- D. Rs. 70 Discuss
- 10. A merchant buys two articles for Rs.600. He sells one of them at a profit of 22% and the other at a loss of 8% and makes no profit or loss in the end. What is the selling price of the article that he sold at a loss ?
Options- A. Rs. 404.80
- B. Rs. 536.80
- C. Rs.440
- D. Rs. 160 Discuss
Profit and Loss problems
Search Results
Correct Answer: Rs. 3250
Explanation:
Let the Cost price of the powerbank = Rs. P
But given that by selling it at Rs. 1950, it gives a loss of 25%
=>
=>
= Rs. 2600
Now, to get a profit of 25%
Selling Price = .
Correct Answer: 20%
Explanation:
Given
125% ---- 3400
=> 100% ---- ?
=> ? = 3400x100/125 = 2720
=> Cost price of the article = Rs. 2720
Profit when article sold at Rs. 3265 = 3265 - 2720 = 545
Hence, Profit% = Gain x 100/cost price
=> P% = 545 x 100/2720
=> P% = 20%
Correct Answer: 30%
Correct Answer: 48.4 %
Explanation:
Let marked price = Rs. 100.
Then, C.P. = RS. 54,
S.P. = Rs. 85
Gain % = 31/64 x 100 = 48.4%.
Correct Answer: Rs. 16.30
Explanation:
C.P. of 50 kg wheat = (30 * 11.50 + 20 * 14.25) = Rs. 630.
Correct Answer: 100%
Explanation:
When 3 passengers income was 3x
expense= Rs.30
profit =20% of 30 = Rs.6
That means his earning is Rs.36. so that per passenger fare must be Rs.12.
When 4 passengers
earning = 12x4=Rs.48.
expense =Rs.24.
profit = Rs.24 = 100%
Correct Answer: Rs. 49.2
Explanation:
Total cost of all varieties of mangoes = 20 x 2 + 40 x 3 + 50 x 5 = 40 + 120 + 250 = Rs. 410
Then, cost of 1 kg mangoes = 410/10 = Rs. 41
To get 20% profit,
The rate at which the mangoes should be sell = 120/100 x 41 = Rs. 49.2
Correct Answer: 4%
Explanation:
loss % = %
= (20/10)x(20/10)% = 4%
Correct Answer: Rs. 60
Explanation:
Let the cost price of a ball is Rs.x
Given, on selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls
The equation is :
17x - 720 = 5x
Solving the equation
we get x = 60
Therefore, cost price of a ball is Rs. 60.
Correct Answer: Rs. 404.80
Explanation:
Let C1 be the cost price of the first article and C2 be the cost price of the second article.
Let the first article be sold at a profit of 22%, while the second one be sold at a loss of 8%.
We know, C1 + C2 = 600.
The first article was sold at a profit of 22%. Therefore, the selling price of the first article = C1 + (22/100)C1 = 1.22C1
The second article was sold at a loss of 8%. Therefore, the selling price of the second article = C2 - (8/100)C2 = 0.92C2.
The total selling price of the first and second article = 1.22C1 + 0.92C2.
As the merchant did not make any profit or loss in the entire transaction, his combined selling price of article 1 and 2 is the same as the cost price of article 1 and 2.
Therefore, 1.22C1 + 0.92C2 = C1+C2 = 600
As C1 + C2 = 600, C2 = 600 - C1. Substituting this in 1.22C1 + 0.92C2 = 600, we get
1.22C1 + 0.92(600 - C1) = 600
or 1.22C1 - 0.92C1 = 600 - 0.92*600
or 0.3C1 = 0.08*600 = 48
or C1 = 48/(0.3) = 160.
If C1 = 160, then C2 = 600 - 160 = 440.
The item that is sold at loss is article 2. The selling price of article 2 = 0.92*C2 = 0.92*440 = 404.80.
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