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- Question
- A vendor sells his articles at a certain profit percentage. If he sells his articles at 1/3 of his actual selling price,then he incurs a loss of 40%. What is his actual profit percentage?
Options- A. 72%
- B. 120%
- C. 80%
- D. none of these
- Correct Answer
- 80%
ExplanationGo through options C.
After 80% profit on cost price 100 = 100 + 80% = 180
New SP = 180 / 3 = 60
percentage loss = 40% (100 - 60)
Hence, (c) is correct choice. - 1. A retailer cheats both to his whole-seller and his customer by 10% by his faulty balance i.e.,he actually weighs 10% more while purchasing from wholesaler and weighs 10% less while selling to his customer. What is his net profit percentage, when he sells at CP?
Options- A. 22 2/2 %
- B. 22 2/9%
- C. 20 %
- D. 21 % Discuss
- 2. A merchant marks his good at Rs. 300 and allows a discount of 25%. If he still gains 12.25%, then the cost price of article is :
Options- A. 220
- B. 200
- C. 240
- D. 260 Discuss
- 3. Ragini purchases oranges at Rs. 10 per dozen and sells them at Rs. 12 for every 10 oranges. What is the profit percentage?
Options- A. 40 %
- B. 44 %
- C. 60 %
- D. 48 % Discuss
- 4. A trader use a weighing balance that shows 1250 g for a kilogram. He further marks- up his cost price by 20%. what is the profit percentage?
Options- A. 5 %
- B. 45 %
- C. 50 %
- D. 30 % Discuss
- 5. Two third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was Rs. 400, the value of the consignment (in rupees) was :
Options- A. 15000
- B. 20000
- C. 10000
- D. 12000 Discuss
- 6. A reduction of 20% in the price of sugar enables a housewife to purchase 6 kg more for Rs. 240. What is the original price per kg of sugar?
Options- A. Rs. 10 per kg
- B. Rs. 8 per kg
- C. Rs. 6 per kg
- D. Rs. 5 per kg Discuss
- 7. Due to reduction of 25% in price of oranges a customer can purchase 4 oranges more for Rs. 16. What is the original price of an oranges?
Options- A. Re. 1
- B. Re. 1.33
- C. Re. 1.5
- D. Re. 1.6 Discuss
- 8. Kamal bought a house in Sushant city, whose sale price was Rs. 8 lakh. He availed 20% discount as an early bird offer and then 10% discount due to cash payment. After that he spent 10% of the cost price in interior decoration and lawn of the house. At what price should be sell the house to earn a profit of 25%?
Options- A. Rs. 9 lakh
- B. Rs. 7.99 lakh
- C. Rs. 7.92 lakh
- D. none of these Discuss
- 9. A retailer bought 20 kg tea at a discount of 10%. Besides 1 kg tea was freely offered to him by the wholesaler at the purchase of 20 kg tea. Now he sells all the at marked price to a customer.What is the profit percentage of retailer?
Options- A. 30%
- B. 12%
- C. 16.66%
- D. none of these Discuss
- 10. 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 then the corresponding cost price by 33.33%, what is the increased selling price?
Options- A. 240
- B. 360
- C. 420
- D. 600 Discuss
Profit and Loss problems
Search Results
Correct Answer: 22 2/9%
Explanation:
Amount purchased = 1100 g
Amount sold = 900 g
Profit % = (200 / 900) X 100
= 22 2/9%
Correct Answer: 200
Explanation:
Let's assume the cost price be (CP) = x
So selling price (SP) = 112.5x
Price marked on good ( MP ) = 300
According to question MP - 25% = SP
? x = 200, hence the cost price be Rs. 200.
Correct Answer: 44 %
Explanation:
Cost price (CP) = 10 / 12 ,
Selling price (SP) = 12 / 10
Profit (%) = [ (SP - CP) / CP ] x 100
? Profit (%) = [( 12 / 10 - 10 / 12 ) / (10 / 12) ] X 100 = 44 %
Correct Answer: 50 %
Explanation:
Let the cost price of one gram be Rs. 1, then the mark up price be Rs. 1.2 per g.
Now he sells 1000 g which seems to be 1250 g so he charges to a customer 1250 X 1.2 = Rs. 1500 for 1000 g (or Rs. 1000)
Thus his profit % 1500 -1000 / 1000 X 100 = 50 %
Correct Answer: 15000
Explanation:
The best way is to go through option. Consider option (a)
Total profit = 15000 x ( 2 / 3 ) x 5 %
= 15000 x ( 2 / 3 ) x ( 5 / 100) = 500
Total loss = 15000 x ( 1 / 3 ) x 2 %
= 5000 x ( 1 / 3 ) x ( 2 / 100) = 100
Net gain = ( 500 - 100 ) = Rs. 400
Hence: option (a) is correct.
Alternatively : [( 1.05 X 2x/3 + 0.98 x/3) - x] = 400
? x=15000
Correct Answer: Rs. 10 per kg
Explanation:
Reduction in price = 20% ( 1 / 5 )
Increase in amount = 25 % (1 / 4) = 6 kg
It means original amount of sugar needed = 6 X 4 =24 kg
? Original price of the sugar = 240 / 24
= Rs. 10 per kg
Correct Answer: Re. 1.33
Explanation:
It is based on inverse proportion or product constancy concept.
Reduction in price = 25% (1 / 4)
Increase in amount = 33.33% ( 1 / 3 ) = 4 oranges
? Original price of oranges = 16 / 12 = Rs. 1.33
Correct Answer: Rs. 7.92 lakh
Explanation:
Assume market price (MP) = Rs. 100
After 20% discount price = 100 - 20% = Rs. 80
After cash discount of 10% price = 80 - 10% = Rs. 72
Price after 10% spend on interior decoration = 72 + 10% = Rs. 79.2
So the cost price (CP) = Rs. 79.2
Selling price after 25 % profit = CP + 25%
= 79.2 + 25% of 79.2
= 1.25 x 79.2
= 99
When initial market price is 100 rupees the selling price is 99.
So for initial market price 8 Lakh the selling price = 8000000 x ( 99 / 100 )
= 7,92,000
Correct Answer: 16.66%
Explanation:
Let the MP 1 kg tea be Rs. 1,
Then CP of 20 kg with discount = 20 x 0.9 = Rs.18
Also 1 kg tea is free. So the retailer gets tea worth Rs. 21 by paying Rs. 18 only.
profit % = ( goods left / goods sold) x 100
= (21-18 / 18 x 100 = 16.66 %
(Since the retailer earn Rs. 3 on each Rs.18)
Correct Answer: 420
Explanation:
Initially :
CP = 100
Profit = x
SP = 100 + x
MP = 133.33
After change
CP = 100
Profit = 2x
SP = [7(100 + x)]/6
Now , since (100 + x) 7/6 - 100 = 2x
? x = 20%
CP = 100
Profit = 20
SP = 120
MP = 133.33
so when CP = 300
Selling price = 300 + 20% = 360.
After change
So when CP = 300
Selling price = 300 + 2 x 20% of 300 = 420
So the increased selling price = Rs. 420
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