Profit and Loss
- A trader makes a profit equal to the selling price of 75 articles when he sold 100 of the articles. What % profit did he make in the transaction?
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Let the selling price of each article be Rs. 1. Then, selling price of 100 articles= Rs. 100, profit on selling 100 articles= Rs. 75, and cost of 100 articles=100-75 = Rs.25
Correct Option: C
Let the selling price of each article be Rs. 1. Then, selling price of 100 articles= Rs. 100, profit on selling 100 articles= Rs. 75, and cost of 100 articles=100-75=Rs.25
Therefore, profit percentage=(75 / 25) x 100=300%
- The cost of 2 tables is equal to the cost of 5 chairs. If the difference of the cost of one table and one chair is Rs. 1200, then the cost of one chair is ?
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Let the cost of the table be Rs. x and the cost of the chair = Rs. y
From 1st condition,
2x = 5y
From 2nd condition
x - y = 1200Correct Option: C
Let the cost of the table be Rs. x and the cost of the chair = Rs. y
From 1st condition,
2x = 5y
⇒ x= 5y/2
From 2nd condition
x - y = 1200
⇒ (5y / 2) - y = 1200
3y / 2 = 1200
y = Rs. 800
- If the cost of 1/4th of kg is Rs. 0.60, then what is the cost of 200 gm ?
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∴ 1 kg = 1000 grams
∴ 1/4 kg = 1000x1/4 = 250grmsCorrect Option: B
1 kg = 1000 grams
∴ 1/4 kg = 1000 / 4 = 250 grams
Now Cost for 200 grams = (200 / 250 ) x 60 paise
= 48 paise
- Cost of 1/4 dozen of bananas is Rs. 2.35, then what is the approximate cost of 42 dozen of bananas ?
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∵ 1 dozen = 12
⇒ 1/4 dozen = 1/4 x 12 = 3
∵ Cost of 3 bananas = Rs. 2.35
⇒ Cost of 1 banana = Rs. 2.35/3
Correct Option: D
∵ 1 dozen = 12
⇒ 1/4 dozen = 1/4 x 12 = 3
∵ Cost of 3 bananas = Rs. 2.35
⇒ Cost of 1 banana = Rs. 2.35/3
∴ Cost of 42 x 12 bananas = (2.35 x 42 x 12 ) / 3
= Rs. 394.80
= Rs. 400 (Approximately)
- Cost of 7000 bricks is Rs. 5740. cost of luggage to carry the bricks to the building place is Rs. 805. What is the cost at per thousand bricks ?
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∵ Total cost of 7000 bricks = 5740 + 805 = Rs. 6545
⇒ Total cost of 1 brick = Rs. 6545/7000Correct Option: C
∵ Total cost of 7000 bricks = 5740 + 805 = Rs. 6545
⇒ Total cost of 1 brick = Rs. 6545/7000
∴ Total cost of 1000 bricks = (6545 / 7000) x 1000
= Rs. 935