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- Question
The cost price of a college bag is 240% more than the profit obtained on it selling at Rs. 1540. What is the cost price of that college bag?
Options- A. Rs. 1190
- B. Rs. 1288
- C. Rs. 1365
- D. Rs. 1452
- Correct Answer
- Rs. 1190
ExplanationLet the profit be Rs. p
Then Cost price of the bag = 340p/100 = 3.4p
According to question,
3.4p + p = 1540
4.4p = 1540
p = 1540/4.4
p = 350
The profit p = Rs, 350
Hence, The cost price of the bag = 3.4p = 3.4 x 350 = Rs. 1190.
- 1. Buy at 30 cell at 50. What is the profit percentage?
Options- A. 20%
- B. 40%
- C. 45%
- D. 35% Discuss
- 2. 'X' sells fruits at 21% profit. If X bought it for 9% less and sold it for Rs.29 less, he would have gained 25%. The cost price of fruits is?
Options- A. Rs. 400
- B. Rs. 420
- C. Rs. 460
- D. Rs. 480 Discuss
- 3. 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
- 4. 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
- 5. 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
- 6. The profit earned by selling an article for Rs.753 is equal to the loss incurred when the same article is sold for Rs.455.What should be the sale price for making 50% profit ?
Options- A. Rs.855
- B. Rs.955
- C. Rs.906
- D. Rs.896 Discuss
- 7. John sells his laptop to Mark at a loss of 20% who subsequently sells it to Kevin at a profit of 25%. Kevin after finding some defect in the laptop, returns it to Mark but could recover only Rs.4.50 for every Rs. 5 he had paid. Find the amount of Kevin?s loss if John had paid Rs. 1,75,000 for the laptop ?
Options- A. Rs.16,500
- B. Rs.17,500
- C. Rs.14,200
- D. Rs.15,520 Discuss
- 8. If the labour cost 20% of the cost of production and raw material cost 10% of the cost of production and the price on which article is sold is 20% above the cost of production. If the price of labour is increased by 40% and the price of raw material increased by 20% and rest other expenditure of cost remain constant. The industry thus decide to increase the selling price by 10%. Find the new profit percent ?
Options- A. 18%
- B. 20%
- C. 22%
- D. 24% Discuss
- 9. An item is sold at a loss of 10%. Had it sold for Rs. 9 more, a profit of 25/2% would have gained. What is the cost price of the item?
Options- A. Rs. 90
- B. Rs. 75
- C. Rs. 55
- D. Rs. 40 Discuss
- 10. In an exhibition, Almond bought a painting for Rs. 20000. He later sold it to Olive for Rs. 23000. Olive sold it to Sarah for double the profit percentage that Almond earned. At what price should Sarah sell this painting to earn 8% profit ?
Options- A. Rs. 34,410
- B. Rs. 31,184
- C. Rs. 29,999
- D. Rs. 32,292 Discuss
Profit and Loss problems
Search Results
Correct Answer: 40%
Explanation:
Cost price = Rs. 30
Selling price = Rs. 50
Gain = Rs. 20
Profit % = Gain/cost price x 100 = 20/50 x 100 = 40%
Correct Answer: Rs. 400
Explanation:
Let the cost price of the fruits be 'C.P'
From the given data, after analysis it can be solved as
(121% of C.P) - (125% of 91% of C.P) = 29
Hence, the cost price of the fruits = Rs. 400.
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.
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: 4%
Explanation:
loss % = %
= (20/10)x(20/10)% = 4%
Correct Answer: Rs.906
Explanation:
Let C.P =Rs. x
Then as given, (753 - x ) = (x - 455)
=>2x = 1208 => x = 604
There fore S.P= 150% of 604 => Rs. = Rs.906
Correct Answer: Rs.17,500
Explanation:
Let?s assume John bought the laptop for Rs. 100
He then sells it to Mark at a loss of 20% => Rs. 80,
Who consequently sells it to Kevin at a profit of 25% => Rs. 100
Then, Kevin sells it back to Mark for Rs. 90 (Rs.4.50 for every Rs. 5 that he had paid initially), so he suffers a loss of Rs. 10
Therefore, for Rs. 100 there is a loss of Rs. 10,
Then for Rs. 1,75,000 there will be a loss of Rs. 17,500.
Correct Answer: 20%
Explanation:
Let the Cost of Production of the article = 100
Then, Labour Cost = 20
Raw Material = 10
Other Expenditure = 100 - 10 ? 20 = 70
Selling Price of the article = 120
After increasing Labour and Raw material cost by 40% & 20% respectively,
New Labour cost = 28
New Raw material cost = 12
New Cost of Production = 70 + 28 + 12 = 110
Then, New SP = 110% of 120 = 120 x 110/100 = 132
=> New Gain = 132 - 110 = 22
=> New Profit % = 22 x 100/110 = 20%
Correct Answer: Rs. 40
Explanation:
Let the cost price of the item = Rs. 50
Sold at 10% loss => for Rs. 50 loss S.P = Rs. 45
From the given data,
25/2 % gain if it is sold at Rs. 9 more
56.25 - 45 = 9
=> 11.25 = 9
=> 22.5 = 18
=> 45 = 36
=> 50 = ?
=>
Hence, the Cost price of the item = Rs. 40.
Correct Answer: Rs. 32,292
Explanation:
Almond Selling price = CP(1 + P%/100)
=> CP = 20000, SP = 23000
=> 23000 = 20000 (1 + P/100)
=> P% = 100(23000/20000 - 1) = 15
Then, Olive's P% = 30%
SP for Olive = CP for Sarah = 23000(1 + 30/100) = 29900
Now Sarah wants to earn profit of 8%
=> Sp for Sarah = 29900(1 + 8/100)
= Rs. 32,292.
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