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Home Aptitude Profit and Loss Comments

  • Question
  • 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%

  • 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%


  • Profit and Loss problems


    Search Results


    • 1. 
      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%
    • Discuss
    • 2. 
      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
    • 3. 
      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
    • 4. 
      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
    • 5. 
      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
    • 6. 
      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
    • 7. 
      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
    • 8. 
      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
    • 9. 
      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
    • 10. 
      I wanted to purchase 10 chairs for the class room whose cost was Rs. 200 each. the trader offered me a discount if I were to purchase a set of 12 chairs. So I calculated that if I assume the normal price of 10 chairs then we can purchase 2 extra chairs which cost me only Rs. 80 each of two chairs at the cost price of 12 chairs after discount. What is the percentage discount?

    • Options
    • A. 6%
    • B. 8%
    • C. 12%
    • D. 10%
    • Discuss


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