Profit and Loss
- A shopkeeper sold 12 cameras at a profit of 20% and 8 cameras at a profit of 10%. If he had sold all the 20 cameras at a profit of 15% , then his profit would have been reduced by Rs. 36. what is the cost price of each camera ?
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Go through options
Correct Option: C
Go through option C
180 x 12 x 1.2 + 180 x 8 x 1.1 = 180 [ 14.4 + 8.8 ]
= 180 (23.2) = 4176
And 180 x 20 x 1.15 = 4140
Therefore loss = 4176 - 4140 = 36
Hence option (c) is correct
- The CP of 19 articles is same as the selling price of 29 articles. what is the loss % ?
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CP / SP = 29x /19x
Loss % = [ ( CP - SP) / CP] x 100Correct Option: B
CP / SP = 29x / 19x
loss % = 29x - 19x / 29x X 100 = 34.48 %
(To understand the concept assume CP of each article Rs 29 and SP of each article = Rs. 19)
- ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. what is the loss incurred by ITC ?
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Loss % = ( common gain or loss / 10 )2 %
Correct Option: C
Loss % = ( common gain or loss / 10 )2 %
= (20 / 10)2 %
= 4%
- ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. , If SP of each article be Rs. 200, what is the amount of loss ?
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Loss % = ( common gain or loss / 10 )2 %
= (20 / 10)2 %
= 4%Correct Option: C
Loss % = ( common gain or loss / 10 )2 %
= (20 / 10)2 %
= 4%
Now assume total CP of both articles be x, then SP = 0.96x = 400
x = 400 / 0.96 = CP
loss = 4% of CP
= (4 / 100) X (400 / 0.96) = Rs. 16.66
- A wholesaler sells toys at a profit of 20% to a retailer and retailer sells these toys to its customer at a profit of 25%. What is the profit percentage of the retailer?
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Its simple i.e. 25% nothing else, which is very obvious
Correct Option: D
Its simple i.e. 25% nothing else, which is very obvious
