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Question Detail
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
1. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit
- 70%
- 80%
- 90%
- None of above
Answer: Option A
Explanation:
Let C.P.= Rs. 100.
Then, Profit = Rs. 320,
S.P. = Rs. 420.
New C.P. = 125% of Rs. 100 = Rs. 125
New S.P. = Rs. 420.
Profit = Rs. (420 - 125) = Rs. 295
Required percentage = (295/420) * 100
= 70%(approx)
2. A material is purchased for Rs. 600. If one fourth of the material is sold at a loss of 20% and the remaining at a gain of 10%, Find out the overall gain or loss percentage
- 412
- 312
- 212
- 112
Answer: Option C
Explanation:
We need to get the Total selling price to solve this question. Because after getting selling price we can get profit or loss, then we can calculate profit% or loss%
So lets solve this:
Price Received by selling one fourth of the material at a loss of 20% =
(1/4) * 600 * (80/100) = Rs. 120
Price Received by remaining material at a gain of 10% =
(3/4) * 600 * (110/100) = Rs. 495 [Note: 1-(1/4) = 3/4]
Total Selling Price = 120 + 465 = Rs. 615
Profit = 615 - 600 = 15
Profit%=(GainCost∗100)%=(15600∗100)%=52%=212%
3. A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is
- 18%
- 20%
- 22%
- 24%
Answer: Option B
Explanation:
Let the cost price = Rs 100
then, Marked price = Rs 135
Required gain = 8%,
So Selling price = Rs 108
Discount = 135 - 108 = 27
Discount% = (27/135)*100 = 20%
4. A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item
- Rs. 660
- Rs. 760
- Rs. 860
- Rs. 960
Answer: Option D
Explanation:
Here always remember, when ever x% loss,
it means S.P. = (100 - x)% of C.P
when ever x% profit,
it means S.P. = (100 + x)% of C.P
So here will be (100 - x)% of C.P.
= 80% of 1200
= 80/100 * 1200
= 960
5. A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The C.P. of the article was
- Rs 100
- Rs 150
- Rs 200
- Rs 250
Answer: Option C
Explanation:
Let original Cost price is x
Its Selling price = 105/100 * x = 21x/20
New Cost price = 95/100 * x = 19x/20
New Selling price = 110/100 * 19x/20 = 209x/200
[(21x/20) - (209x/200)] = 1
=> x = 200
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