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- Question
- A Seller uses 920g in place of one kg to sell his goods. When he sells his article at 15% gain on cost price, the actual percentage of profit is?
Options- A. 20%
- B. 15%
- C. 25%
- D. 30%
- Correct Answer
- 25%
ExplanationLet cost price = ? 1000
? Actual cost price = ? 920
Selling price = (1000 x 115)/100 = ?1150
? Actual profit percentage = (1150 - 920)/(920 x 100) = 25% - 1. A dishonest dealer sells articles at 10% loss on cost price but uses the weight of 16g instead of 18g. What is his profit or loss per cent?
Options- A. 11/4% gain
- B. 11/4% loss
- C. 31/4% loss
- D. 51/4% gain Discuss
- 2. A Shopkeeper purchased some books from a publication worth ? 750. Because of some reasons, he had to sell two-fifth part of the book at a loss of 15%. On which gain he should sell his rest of the books, so that he gets neither nor loss
Options- A. 10%
- B. 9%
- C. 12%
- D. 15% Discuss
- 3. A person sold an article for ? 136 and got 15% loss, had he sold it for ? N, he would have got a profit of 15%. Which one of the following is correct?
Options- A. 190 < N < 200
- B. 180 < N < 190
- C. 170 < N < 180
- D. 160 < N < 170 Discuss
- 4. A man sold two watches, each for ? 495. If he gained 10% on one watch and suffered a loss of 10% on the other, then what is the loss of gain percentage in the transaction?
Options- A. 1 % gain
- B. 1% loss
- C. 100/99% loss
- D. Neither gain nor loss Discuss
- 5. A person sold a watch at a profit of 10%. If he had sold it for ? 2000 more, he would have gained 20%. Find the CP of watch?
Options- A. ? 15000
- B. ? 10000
- C. ? 20000
- D. ? 25000 Discuss
- 6. A man sells rice at 10%profit and uses weight 30% less then the actual measure. His gain percent is?
Options- A. 572/8%
- B. 571/7%
- C. 572/5%
- D. 573/7% Discuss
- 7. A fruit seller buys 700 oranges at the rate of ? 500 for 100 oranges and another variety of 500 oranges at the rate of ? 700 for 100 oranges and sells them at ? 84 per dozen. The profit percent is
Options- A. 20%
- B. 40%
- C. 30%
- D. 10% Discuss
- 8. A tradesman marks his goods 30% more than the cost price. If he
allows a discount of 6 1/ 4 % then his gain per cent is?
Options- A. 233/4%
- B. 22%
- C. 217/8%
- D. None of these Discuss
- 9. A retailer increase the selling price by 25% due to which his profit percentage increases from 20% to 25%. What is the percentage increase in cost price?
Options- A. 20%
- B. 30%
- C. 25%
- D. 50% Discuss
- 10. The price of an article reduces to 576 after two successive discounts. The markup is 80% above the cost price of Rs. 500.What is the new profit percentage if instead of two successive discount the markup price was further increased successively two times by the same percentage?
Options- A. 259.2%
- B. 59.2%
- C. 159.2%
- D. can't be determined Discuss
Profit and Loss problems
Search Results
Correct Answer: 11/4% gain
Explanation:
Given that a = 10% , b = 16g and c = 18g
= [(100 - a)c /b - 100)]%
= [(100 - 10) x 18/16 - 100]%
= [90 x 18/16 - 100]%
= [90 x 9/8 - 100]%
= 810/8 - 100 %
= (810 - 800) / 8 %
= 10/8 % = 5/4 %
=11/4% gain
Correct Answer: 10%
Explanation:
Here, A = 2/5, R = 15%
According to the formula
Gain % = AR/(1 - A)%
= [(2/5) x 15]/[1 - (2/5)]%
= (6 x 5)/3%
= 10%
Correct Answer: 180 < N < 190
Explanation:
Cost price = (selling price x 100)/(100 - loss%)
= (136 x 100)/(100 - 15)
= (136 x 100)/85
= ? 160
Selling price (N) = 160 x (100 + 15)/100 = (160 x 115)/100
= ? 184
? Option (b) is correct because
[180 < N < 190].
Correct Answer: 1% loss
Explanation:
Loss % = (a/10)2%
= (10/10)2%
= 1%
Correct Answer: ? 20000
Explanation:
Here, a = 10% , b = 20% , r = 2000
According to the formula
CP of watch = [r/(b - a)] x 100 = [2000/(20 - 10)] x 100
= (2000 x 100)/10
= ? 20000
Correct Answer: 571/7%
Explanation:
Let the marked weight = 1 kg = 1000g
Real weight = 70% of 1000 = 700g
Let CP of 1g = ? 1
? CP of 700g = ? 700
CP of 1000g = ? 1000
SP = 110% of 1000
= 110/100 x 1000 = ? 1100
Gain = 1100 - 700 = ? 400
? Gain % = (400/700) x 100%
= 571/7%
Correct Answer: 20%
Explanation:
CP of 700 oranges = (500/100) x 700 = ? 3500
Total CP = 3500 + 3500 = 7000
And total number of oranges purchased = 700 + 500 = 1200
Total SP = (84/12 )x 1200 = ? 8400
? Profit percent = [(8400 - 7000)/7000]x100% = 20%
Correct Answer: 217/8%
Explanation:
Let the C.P. be Rs. 100
Then, Marked price = Rs. 130
? S.P. = (933/4 % of Rs. 130)
= Rs. (375/4 x 100 x 130)
= Rs. 975/8
= Rs. 1217/8
? Required gain% = 217/8 %
Correct Answer: 20%
Explanation:
In beginning
Cost Price (CP) = Rs. 100
Profit % = 20
Selling Price (SP) = 120
When profit increases from 20% to 25%
Cost Price (CP) = y
Profit % = 25
Selling Price (SP) after 25% increase = 120 + 25% = Rs. 150
From question
y + 25 % profit = 150
1.25 y = 150
so y = 120
% change in cost price = [ (120 - 100) / 100 ] x 100 = 20%
Correct Answer: 159.2%
Explanation:
Cost price (CP) = 500
Selling Price (SP) = 576
Markup price (MP) = 900
Again SP = MP [( 1 - r/100)2] [r - rate of discount in %]
? 576 = 900 (1 - r/100)2
? 24/30 = (1 - r/100)
? r = 20%
Again, new SP = MP (1 + r/100)2
= 900 (1 + 20/100)2
= 1296
New, profit percentage = [(SP - CP)/CP] X 100
= [( 1296 - 500 ) / 500 ] x 100 = 159.2%
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