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Question Detail
A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%.
- Rs 25300
- Rs 22300
- Rs 24300
- Rs 21300
Answer: Option A
Explanation:
This type of question can be easily and quickly solved as following:
Let at Rs x it can earn 15% pr0fit
85:18700 = 115:x [as, loss = 100 -15, Profit = 100 +15]
x = (18700*115)/85
= Rs.25300
1. A book was sold for Rs 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then would have been percentage of profit and loss ?
- 2% Profit
- 3% Profit
- 2% Loss
- 3% Loss
Answer: Option B
Explanation:
Please remember
\begin{aligned}
S.P. = \left( \frac{100+gain\%}{100} * C.P \right)\\
\text{So, C.P. = }\left( \frac{100}{110} * 25.75 \right)\\
\text{When S.P. = 25.75 then } \\
Profit = 25.75 - 25 = Re. 0.75 \\
Profit\% = \frac{0.75}{25} * 100 = 3\%
\end{aligned}
2. 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%
3. If the cost price is 25% of selling price. Then what is the profit percent.
- 150%
- 200%
- 300%
- 350%
Answer: Option C
Explanation:
Let the S.P = 100
then C.P. = 25
Profit = 75
Profit% = 75/25 * 100 = 3005
4. 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%
5. If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?
- 12%
- 30%
- 50%
- 60%
Answer: Option C
Explanation:
Friends, we know we will need gain amount to get gain percent, right. So lets get gain first.
Let the cost price of 1 pen is Re 1
Cost of 8 pens = Rs 8
Selling price of 8 pens = 12
Gain = 12 - 8 = 4
\begin{aligned}
Gain\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\
= \left( \frac{4}{8} * 100 \right)\% = 50\%
\end{aligned}
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