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- Question
- A merchant fixed the selling price of his articles at ? 700 after adding 40% profit to the cost price. As the sale was very low at this price level, he decided to fix at the selling price at 10% profit. Find the new selling price
Options- A. ? 450
- B. ? 490
- C. ? 500
- D. ? 550
- Correct Answer
- ? 550
ExplanationLet cost price = ? N
According to the question,
N x [(100 + 40)/100] = 700,
? N = (700 x 100)/140 = 500
? New selling price = 500 x (100 + 10)/100
= 5 x 110 = 550
= ? 550 - 1. A man brought toffees at 6 for a rupee. How many toffees for a rupee must he sell to gain in 50%.?
Options- A. 5
- B. 2
- C. 4
- D. 6 Discuss
- 2. A shopkeeper sells eggs at 20 for a rupee gaining 30%. How many eggs did he buy for a rupee?
Options- A. 40
- B. 30
- C. 35
- D. 26 Discuss
- 3. Find the percentage loss when the cost price and selling price of an article are in the ratio of 5 : 3.?
Options- A. 40%
- B. 35%
- C. 45%
- D. 26% Discuss
- 4. Niraj incurred a loss of 55% on selling an article for ? 9549. What was the cost price of the article?
Options- A. ? 27700
- B. ? 25600
- C. ? 21220
- D. ? 29000 Discuss
- 5. Raj sold an item for ? 6384 and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30%
Options- A. ? 14656
- B. ? 11856
- C. ? 13544
- D. cannot be determind Discuss
- 6. By selling a cellphone for ? 2400, a shopkeeper make a profit of 25%. Then, his profit percentage, if he had sold it for ? 2040, is
Options- A. 10%
- B. 6.25 %
- C. 6.5%
- D. 15% Discuss
- 7. Rajdeep loses 20% by selling a radio for ? 768. What percent will he gain by selling if for ? 1020?
Options- A. 7.25 %
- B. 5.25 %
- C. 6.25 %
- D. 8.25 % Discuss
- 8. A trader buys some goods for ? 150. If the overhead expenses be 12% of the cost price, at what price should it be sold to earn 10%?
Options- A. ? 184.80
- B. ? 185.80
- C. ? 187.8
- D. ? 188.80 Discuss
- 9. If a watch is sold for ? 120, there is a loss of 15%. For a profit of 2%, the watch is to be sold for
Options- A. ? 144
- B. ? 175
- C. ? 185
- D. ? 165 Discuss
- 10. A person sold an article for ? 3600 and got a profit of 20%. Had he sold the article for ? 3150, how much profit would he have got?
Options- A. 4%
- B. 5%
- C. 6%
- D. 10% Discuss
Profit and Loss problems
Search Results
Correct Answer: 4
Explanation:
CP of 6 toffees = ? 1,
SP of 6 toffees = 150% of 1 = 150/100 = 3/2
? For ? 3/2, the number of toffees sold = 6
? For ? 1, the number of toffees sold = 6 x (2/3) = 4
Correct Answer: 26
Explanation:
SP of 20 eggs = ? 1 and gain = 30%
CP of 20 eggs = (1 x 100)/130 = ? 10/13
Now, ? 10/13 yields 20 eggs.
? ? 1 will yield (20 x 13)/10 = 26 eggs
Clearly, 26 eggs were bought for ? 1.
Correct Answer: 40%
Explanation:
Let CP = 5N and SP = 3N
Loss = (CP- SP) = (5N - 3N) = 2N
Loss % = (2N / 5N) x 100 %
= 40%
Correct Answer: ? 21220
Explanation:
Let cost price of article is CP.
According to the formula,
CP = [SP/(100 - Loss %)] x 100
CP = [(100 x 9549)/(100 - 55)]
= ? 21220
Correct Answer: ? 11856
Explanation:
CP = 100/70 = x 6384 = ? 9120
To gain 30%, SP = 130% of 9120
SP = (130/100) x 9120 = ? 11856
Correct Answer: 6.25 %
Explanation:
SP of cellphone = ? 2400
? CP of cellphone = 2400 x [100/(100 + 25)] = ? 1920
? Required percentage profit = [(2040 - 1920)/1920] x 100
= 6.25%
Correct Answer: 6.25 %
Explanation:
SP = ? 768 and loss = 20%
? CP = (100/80) x 768 = (5/4) x 768 = ? 960
Now, CP = ? 960 and SP = ? 1020
Gain = 1020 - 960 = ? 60
? Gain% = (60/960) x 100% = 6.25%
Correct Answer: ? 184.80
Explanation:
Total CP = (CP + Overhead expenses)
= 150 + 12% of 150
= 150 + (12/100) x 150 = ? 168
Given that, gain = 10%
? SP = (110/100) x 168 = ? 184.80
Correct Answer: ? 144
Explanation:
SP = ? 120 and loss = 15%
? CP = (100/85) x 120 = 2400/17,
Gain = 2%
? Required SP = (102/100) x (2400/17) = ? 144
Correct Answer: 5%
Explanation:
Let the cost price of the article be ? N.
Now, N + 20N/100 = 3600
? 120N/100 = 3600
? N = 3000
Now, profit percentage when the article is sold for ? 3150 = [(3150 - 3000)/3000] x 100
= (150/3000) x 100 = 5%
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