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- Question
- A balance of a trader weighs 10% less then it should be. still the trader marks-up his goods to get the overall profit of 20%. What is the mark up on the cost price?
Options- A. 40%
- B. 8%
- C. 25%
- D. 16.66%
- Correct Answer
- 8%
ExplanationLet the CP be Rs. 1 per g
but he weighs 900 g for every 1000 g
? value of goods sold = 900
Now, let the markup be x%
? MP = 1000 + 1000x / 100 = ( 1000 + 10x )
but since MP = SP,
? SP = ( 1000 + 10x )
Hence, profit (%) = [{( 1000 + 10x ) - 900} / 900] x 100 = 20
? x = 8
Thus the markup = 8% - 1. 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
- 2. 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
- 3. 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
- 4. 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
- 5. 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
- 6. A scientific calculator is available at Universal Shoppe in Hazratganz at 20% discount and the same is available at only 15% discount at universal shoppe Bhootnath market. Ms. Agrawal has just sufficient amount of Rs.800 to purchase it at universal Shoppe Hazratganz. What is the amount that Ms. Agrawal has less than the required amount to purchase it at universal soppe Bhootnath?
Options- A. Rs. 70
- B. Rs. 50
- C. Rs. 100
- D. data insufficient Discuss
- 7. A person wants to reduce the trade tax so he calculates his profit on the sale price instead of on the cost price.In this way by selling a article for Rs. 280 he calculates his profit as 14 2/ 7%. What is his actual profit percentage?
Options- A. 20 %
- B. 16.66 %
- C. 25 %
- D. data insufficient Discuss
- 8. Anna sold his car Boney at a profit of 20% and Boney sold it to Chakori at a profit of 10%. Chakori sold it to mechanic at a loss of 9.09%.Mechanic spent 10% of his purchasing price and then sold it at a profit of 8.33% to Anna once again. what is the loss of Anna?
Options- A. 23%
- B. 29%
- C. 50%
- D. 40% Discuss
- 9. I asked the shopkeeper the price of a wristwatch. I found that I had just the required sum of money. When the shopkeeper allowed me a discount of 25%, I could bought another watch worth Rs. 940 for my younger sister. What is the price Which I have paid for my own watch?
Options- A. Rs. 2700
- B. Rs.1800
- C. Rs. 2820
- D. Rs. 3760 Discuss
- 10. A and B are two partners and they have invested Rs. 54,000 and Rs. 90,000 in business. After one year A received Rs 1800 as his share of profit out of total profit of Rs. 3600 including his certain commission on total profit since he is a working partner and rest profit is received by B. what is the commission of A as a percentage of the total profit?
Options- A. 20%
- B. 10%
- C. 5%
- D. 25% Discuss
Profit and Loss problems
Search Results
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
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: 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: 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. 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: Rs. 50
Explanation:
Let markup price be y.
Cost price (CP) = 20 % discount on MP = 0.8y = 800
? y= Rs.1000 MP
SP at Hazratganz = Rs. 800
SP at Bhootnath = 1000 X 0.85 = 850
So, she requires Rs. 50 more to purchase the same calculator at Bhootnath.
Correct Answer: 16.66 %
Explanation:
Selling price(SP) = 280.
Cost price (CP) = SP - 142/7% = 240.
Actual profit (%) = (40 / 240) x 100 = 16.66%
Correct Answer: 23%
Explanation:
Anna:
CP = 100
SP = 120
Boney:
CP = 120
SP = 132
Chakori:
CP = 132
SP = 120
Mechanic:
CP = 120 + 12 = 132
SP = 143
Loss of Anna = 143 - 20 = 23
% loss of Anna = (23 / 100) x 100 = 23%
Correct Answer: Rs. 2820
Explanation:
If I had Rs. 100
Discount = 25 = cost of my sister's watch
The cost of my own watch = 75
Thus the ratio of cost of my own watch to that of my sister's watch = 3 : 1
So the cost of my own watch = 3 x 940 = 2820
Correct Answer: 20%
Explanation:
Ratio of profit of A : B (excluding commission of A) = 3 : 5 ( 54 : 90)
Now the share of profit of B = 3600 - 1800 = Rs. 1800
So the share of profit A (excluding commission ) = Rs. 1080
So the commission of A = 1800 - 1080 = 720
Therefore the required percentage = (720 / 3600) x 100 = 20%
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