Profit and Loss
- A man sold two houses for ₹ 96000 each. In the sale of the first house, he incurred 20% profit and in the sale of the second, he incurred 20% loss. what is the gain or loss percentage in total ?
-
View Hint View Answer Discuss in Forum
Here, a = 20%
∴ Total loss percentage = a2/100 %Correct Option: D
Here, a = 20%
∴ Total loss percentage = a2/100 %
= (20 x 20)/100
= 4%
- A sold a watch to B at 40% gain and B sold it to C at a loss of 20%. if C bought the watch for ₹ 432, at what price did A purchase it ?
-
View Hint View Answer Discuss in Forum
Let A purchased the watch for ₹ N
A x [(1+ r1) /100] x [(1+ r2) /100] = CP of article given by CCorrect Option: A
Let A purchased the watch for ₹ N
A x [(1+ r1) /100] x [(1+ r2) /100] = CP of article given by C
⇒ N x (140/100) x (80/100) = 432
∴ N = (432 x 100)/(14 x 8) = ₹ 385.71
- If an article is sold at a gain of 6% instead of at loss of 6%, then the seller gets ₹ 6 more. The cost price of the article is
-
View Hint View Answer Discuss in Forum
Let CP of the article be ₹ N,
Then 106% of N - 94% of N = 6Correct Option: B
Let CP of the article be ₹ N,
Then 106% of N - 94% of N = 6
⇒ 12% of N = 6
∴ N = (6 x 100)/12 = ₹ 50
- By selling an umbrella for ₹ 30, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% of the marked price. His gain percentage during the sale season is
-
View Hint View Answer Discuss in Forum
Given, selling price of an umbrella = ₹ 30
Profit percentage = 20%
∴ Cost price of an umbrella = (30 x 100)/120 = ₹ 25
During the clearance sale, selling price of an umbrella = (30 x 90)/100 = ₹ 27Correct Option: C
Given, selling price of an umbrella = ₹ 30
Profit percentage = 20%
∴ Cost price of an umbrella = (30 x 100)/120 = ₹ 25
During the clearance sale, selling price of an umbrella = (30 x 90)/100 = ₹ 27
∴ Required profit percentage = [(27 - 25)/25] x 100% = 8%
- On selling an article at ₹ 530, the gain is 20% more than the loss incurred on selling it at ₹ 475. In order to gain 20% the selling price will be
-
View Hint View Answer Discuss in Forum
Let CP = N
Then, according to the question,
(120/100) x (N - 475) = (530 - N)Correct Option: B
Let CP = N
Then, according to the question,
(120/100) x (N - 475) = (530 - N)
⇒ (6/5) x (N - 475) = (530 - N)
⇒ (6N - 2850) = (2650 - 5N)
⇒ 11N = 5500
∴ N = ₹ 500
∴ Required SP = (500 x 120)/100 = ₹ 600