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A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent

  • 1%
  • 2%
  • 3%
  • 4%

Answer: Option D

Explanation:

So we have C.P. = 27.50
S.P. = 28.60

Gain = 28.60 - 27.50 = Rs. 1.10

\begin{aligned}
Gain\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\
= \left( \frac{1.10}{27.50} * 100 \right)\% = 4\%
\end{aligned}

Similar Questions :

1. A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles ?

  • Rs15
  • Rs 20
  • Rs 22
  • Rs 25

Answer: Option C

Explanation:

As question states that rate was of pair of articles,

So rate of One article = 37.40/2 = Rs. 18.70

Let Marked price = Rs X
then 85% of X = 18.70

=> X = 1870/85 = 22

2. A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400

  • 4%
  • 5%
  • 6%
  • 7%

Answer: Option D

Explanation:

Gain % = (164.36*100/2400) = 6.84 % = 7% approx

3. A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is

  • 12%
  • 13%
  • 14%
  • 15%

Answer: Option A

Explanation:

Suppose he bought 5 kg and 3 kg of tea.
Cost Price = Rs. (5 x 18 + 3 x 20) = Rs. 150.
Selling price = Rs. (8 x 21) = Rs. 168.
Profit = 168 - 150 = 18

So, Profit % = (18/150) * 100 = 12%

4. The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs 3. The ratio of two selling prices is

  • 51:52
  • 52:53
  • 53:54
  • 54:55

Answer: Option B

Explanation:

Let the Cost price of article is Rs. x

Required ratio =
\begin{aligned}
\frac{104\% \text{ of } x}{106\% \text{ of } x} \\
= \frac{104}{106} = \frac{52}{53} = 52:53
\end{aligned}

5. Sahil purchased a machine at Rs 10000, then got it repaired at Rs 5000, then gave its transportation charges Rs 1000. Then he sold it with 50% of profit. At what price he actually sold it.

  • Rs. 22000
  • Rs. 24000
  • Rs. 26000
  • Rs. 28000

Answer: Option B

Explanation:

Question seems a bit tricky, but it is very simple.
Just calculate all Cost price, then get 150% of CP.

C.P. = 10000 + 5000 + 1000 = 16000

150% of 16000 = 150/100 * 16000 = 24000

Read more from - Profit and Loss Questions Answers
Post a comment

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