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- Question
A shop keeper sells an article at a loss of 8%, but when he increases the selling price of the article by Rs. 164 he earns a profit of 2.25% on the cost price. If he sells the same article at Rs. 1760, what is his profit percentage?
Options- A. 2.5%
- B. 5%
- C. 10%
- D. 7.5%
- Correct Answer
- 10%
ExplanationAccording to the given data,
Let Cost price of the article be 'cp'
Then,
102.25 cp - 92 cp = 164 x 100
10.25 cp = 16400
cp = 1600
Now, if he sells at Rs. 1760
Profit = 1760 - 1600 = 160
Profit% = 160/1600 x 100 = 10%.
- 1. A trader marked the price of the T.V. 30% above the cost price of the T.V. and gave the purchaser 10% discount on the marked price, thereby gaining Rs.340. Find the cost price of the T.V ?
Options- A. Rs. 2000
- B. Rs. 1600
- C. Rs. 2200
- D. Rs. 2100 Discuss
- 2. Mr. X sold two properties P1 and P2 for Rs 1,00,000 each. He sold property P1 for 20% less than what he paid for it. What is the percentage of profit of property P2, so that he is not in gain or loss on the sale of two properties?
Options- A. 33.33%
- B. 29.97%
- C. 25%
- D. 22.22% Discuss
- 3. Cost Price of 22 articles is same as the Selling Price of 18 articles, find the profit percentage?
Options- A. 33.33%
- B. 22.22%
- C. 11.11%
- D. 1% Discuss
- 4. A man sold two flats for Rs. 4.15 lakhs each. On one he gained 2% and on the other he lost 2%. What percent is the effect of the sale on the whole ?
Options- A. 0.25 %
- B. 0.04 %
- C. 0.5 %
- D. 0 % Discuss
- 5. Raghu earns 25% on an investment but loses 10% on another investment. If the ratio of the two investment is 3:5. What is the gain or loss on two investments taken together ?
Options- A. 1.251 %
- B. 3.125 %
- C. 7.21 %
- D. 9.451 % Discuss
- 6. If books bought at prices ranging from Rs 200 to Rs 350 are sold at prices ranging from Rs 300 to Rs 425, what is the greatest possibleprofit that might be made in selling eight books.
Options- A. 800
- B. 1200
- C. 1600
- D. 1800 Discuss
- 7. The market price of an article was 40% more than its cost price. Rana was going to sell it at market price to a customer, but he showed Rana some defects in the article, due to which Rana gave him a discount of 28.57%. Next day he came again and showed Rana some more defects, hence he gave him another discount that was equal to 12.5% of the cost price. What was the approximate profit/loss to Rana ?
Options- A. Loss of 12.5%
- B. Profit of 12.5%
- C. Loss of 24.5%
- D. Profit of 22.5% Discuss
- 8. The marked price of an article is increased by 25% and the selling price is increased by 16.66%, then the amount of profit doubles. If the original marked price be Rs. 400 which is greater than the corresponding cost price by 33.33%, what is the increased selling price?
Options- A. Rs. 380
- B. Rs. 420
- C. Rs. 460
- D. Rs. 440 Discuss
- 9. Every year before the festive season, a brand store increases the price of the product by 42% and then introduce two successive discount of 10% and 11% respectively. What is percentage loss and percentage gain ?
Options- A. 3.25% loss
- B. 13.742% loss
- C. 3.25% gain
- D. 13.742% gain Discuss
- 10. A supplier supplies cartridges to a news paper publishing house. He earns a profit of 25% by selling cartridges for Rs. 1540. Find the cost price of the Cartridges ?
Options- A. Rs. 1100
- B. Rs. 1793.4
- C. Rs. 1440
- D. Rs. 1232 Discuss
Profit and Loss problems
Search Results
Correct Answer: Rs. 2000
Explanation:
Let 'x' be the cost price.
Now Marked price = x + 30x/100 = 13x/10
10% discount = 10/100 x 13x/10 = 13x/100
Selling price = 13x/10 - 13x/100 = 117x/100
Given gain = 340
Here gain = 117x/100 - x = 17x/100 = 340 => x = Rs. 2000.
Correct Answer: 33.33%
Explanation:
Let 'A' be the cost price of property P1.
Then from the given data, the selling price of P1 = Rs. 1,00,000
He got 20% loss on selling P1
Therefore, the amount he lossed on selling P1 = 25,000
As ge he got no loss or gain on sale of P1 and P2, the gain on selling P2 = 25,000
But the selling price of P2 = 1,00,000 => Cost price of P2 = 75,000
Hence, the profit percentage on P2 =
Correct Answer: 22.22%
Explanation:
Let the cost price of 1 article = Rs. 1
From the given data,
Then, the selling price of 1 article = 22/18 = 11/9
Then, Profit = SP - CP = 11/9 - 1 = 2/9
Required, profit % = Profit/CP x 100
= [(2/9)/1] x 100
= 200/9
= 22.222%.
Correct Answer: 0.04 %
Explanation:
In this type cases we always have loss only.
Loss% = = = 1/25 = 0.04 %
Correct Answer: 3.125 %
Explanation:
Taking the 2 investments to be 3x and 5x respectively
Total income of Raghu = (3x) x 1.25 + (5x) x 0.9 = 8.25
Therefore, Gain% = 0.25/8 x 100 = 3.125 %.
Correct Answer: 1800
Explanation:
least cost price = 200*8 = 1600
greatest sold price = 425 * 8 = 3400
profit required = 3400- 1600 = 1800
Correct Answer: Loss of 12.5%
Explanation:
Let the cost price be Rs. 100
Then, market price is Rs. 140
Now, the first discount is of 28.57% Rs.140 =~ Rs. 40
Hence, its selling price = 140 - 40 = Rs. 100
Now since Rana is selling at cost price, any further discount will be equal to loss percentage.
The next dicount of 12.5% will be the loss percentage to Rana.
Correct Answer: Rs. 420
Explanation:
As given in the question, Marked price is 25% more than the Cost price.
=> C.P of the article =
Now,
Let the original S.P of the article be Rs. P
Now the new S.P = P +
=> S.P =
According to the question,
=> 5P = 1800
=> P = Rs. 360
Hence, the increased S.P = 360 x 7/6 = Rs. 420.
Correct Answer: 13.742% gain
Explanation:
Let CP = 100,
42 % increase => SP = 142
10 % discount in SP => ((142 x 10)/100) = 14.2
So 1st SP = (142 - 14.2) = 127.8, again 12 % discount in 1st SP ((127.8 x 11)/100) = 14.058
2nd SP = (127.8 - 14.058) = 113.742,
So finally CP = 100, SP = 113.742, => gain = 13.742%.
Correct Answer: Rs. 1232
Explanation:
Let Cost Price(C.P) = P
gain% = {(S.P-C.P)/C.P} x 100
25 = {(1540-P)/P} x 100
25/100 = (1540-P)/P
=> P = 4(1540)-4P
=> 5P = 4(1540)
=> P = 1232
So, Cost Price = Rs. 1232
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