- A person bought two articles for Rs 2000 and Rs 3000 respectively, the first article he sold at a gain of 20%. At what price should he sell the another to get a profit of 5% on the whole transaction ?
5% profit10% loss5% loss10% profitNoneOption C
2000*120/100 + 3000*x/100= 5000*105/100
Another sold for 5% loss.
- If 7kg of tea of price Rs. 72/kg is mixed with 33 kg of tea of Rs. 87/kg and 35 kg of Rs. 85/kg and the mixture is sold at 15% profit, then what is the selling price of the mixture?
Rs 97.37Rs 93.45Rs 92.5Rs 95.3NoneOption A
Total cost price= 72*7+87*33+85.35 = Rs.6350
Now it is sold at a profit of 15%.
Total weight of tea=7+33+35=75 Kg
Hence Selling price of Tea per Kg =7302.5/75 = Rs. 97.37.
- Krish purchased a bicycle for Rs. 36000. He sold it at a loss of 15 per cent. With that money he again purchased another bicycle and sold it at a profit of 10 per cent. What is his overall loss/profit?
Rs 2340 lossRs 1040 lossRs 2340 profitRs 1040 profitNoneOption A
- A profit of 20% is made on goods when a discount of 10% is given on the marked price. What profit per cent will be made when a discount of 20% is given on the marked price?
5%6 2/3 %8%4 1/3%NoneOption B
Let the CP be 100
MP…. 90……. 120
……. 100…. ?==>400/3
Now with 20% discount the profit %ge be
Profit %ge=320/3-100=20/3= 6 2/3 %.
- A retailer purchases a sewing machine at discount of 15% and sells it for Rs. 1955. In the bargain he makes a profit of 15%. How much is the discount which he got from the wholesale ?
Let the marked price be Rs. x
Discount = 15% of Rs. x
C.P. = (x – 15% of x) = Rs. 17x / 20
then 15% of 17x / 20 = 1955 – 17x / 20
51x/400 + 17x/20 = 1955
x = 2000
Discount received by retailer = (15% of 2000) = Rs. 300.
- A merchant purchases a bracelet for Rs. 690/- and fix that bracelet’s price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price (in rupees) of the bracelet is ?
100…. ? ==> 400/3
400/3…. ?==> Rs920.
- A man sold an article for Rs.85 and lost something. Had he sold it for Rs. 97, his gain would have been double the former loss. The C.P. of the article is ?
Let the loss be Rs. x
Then 85 = C.P. – x
and 97 = C.P. + 2x
On subtracting we get,
3x = 12
x = 4
C.P. = 85 + 4 = Rs. 89.
- If books bought at price ranging from Rs. 300 to Rs. 450 are sold at prices ranging from Rs. 400 to Rs. 550, what is the greatest possible profit that might be made in selling 10 books ?
Profit is maximum when C.P. is minimum and S.P. is maximum
Thus, C.P= 300 x 10 = Rs3000
S.P = 550 x 10 = Rs5500
Gain = 5500-3000=Rs2500.
- What is the maximum percentage discount that a merchant can offer on her marked price so that she ends up selling at no profit or loss, if she had initially marked her goods up by 60% .
Let CP be Rs100
Then MP is Rs160
- In an office the number of employees reduces in the ratio of 3 : 2 and the wages increases in the ratio of 20 : 27, What is the profit percentage of employees over the previous wages?
Let the number of employees in beginning is 3a and now is 2a
Let the wage per employee initially be 20b and now 27b
Total wages = no. of employees x wage per employee.
= 3a x 20b
= 2a x 27b
Profit %ge = ( 60 – 54 ) / 60 x 100 = 10%.