Profit and Loss
- On selling an article for Rs. 240, a trader loses 4%. In order to gain 10 % he must sell that article for
-
View Hint View Answer Discuss in Forum
Let the CP be Rs. x , then SP be 0.96x
∴ 0.96x = 240Correct Option: A
Let the CP be Rs. x , then SP be 0.96x
∴ 0.96x = 240
⇒ x = 250
Now the new SP = 250 X 1.1 = 275
- By selling 12 apples for a rupee, a man loses 20%. How many for a rupee should he sell to gain 20%
-
View Hint View Answer Discuss in Forum
SP = 100/12 paise
Let's CP = x
SP = 0.8x = 100/12
∴ x = 10/(0.8x12) paise
Therefore, CP = 100/9.6 paiseCorrect Option: A
SP = 100/12 paise
Let's CP = x
SP = 0.8x = 100/12
∴ x = 10/(0.8x12) paise
Therefore, CP = 100/9.6 paise
Thus the new SP (with 20% profit) = 100/9.6 X 1.2 = 100/8 paise
Hence, 8 apples can be purchased for Rs.1 to gain 20%
- 6 % more is gained by selling a coat for Rs.1425 than by selling it for Rs. 1353. The cost price of the coat is ?
-
View Hint View Answer Discuss in Forum
6% of cost price (CP) = 1425 - 1353 = 72
∴ CP = ( 72 x 100 ) / 6Correct Option: D
6% of cost price (CP) = 1425 - 1353 = 72
∴ CP = ( 72 x 100 ) / 6 = 1200
- A person sold two cows each for Rs. 9900. If he gained 10% on one and lost 20% on the other, then which of the following is true ?
-
View Hint View Answer Discuss in Forum
The cost price ( CP ) of profitable cow = 9900 / 1.1 = 9000
and profit = Rs. 900
The CP of loss yielding cow = 9900 / 0.8 =12375
and loss = Rs. 2475Correct Option: D
The cost price ( CP ) of profitable cow = 9900 / 1.1 = 9000
and profit = Rs. 900
The CP of loss yielding cow = 9900 / 0.8 =12375
and loss = Rs. 2475
So the net loss = 2475 - 900 = 1575
- An item costing Rs. 200 is being sold at 10% loss. If the price is further reduces by 5%, the selling price will be ?
-
View Hint View Answer Discuss in Forum
Selling price = 200 - 10% - 5%
Correct Option: B
Selling price after 10 % loss = 200 - 10% = 180
Selling price after additional 5% loss = 180 - 5% = 171