Question Detail
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
1. Akhil purchased 70kg vegetable at Rs. 420, then sold them at the rate of Rs. 6.50 per kg, find the profit percent.
- \begin{aligned} 8\frac{1}{3}\% \end{aligned}
- \begin{aligned} 7\frac{1}{3}\% \end{aligned}
- \begin{aligned} 6\frac{1}{3}\% \end{aligned}
- \begin{aligned} 5\frac{1}{3}\% \end{aligned}
Answer: Option A
Explanation:
Please note in this type of questions, get the value of 1 kg to solve this question, lets solve it.
C.P. of 1 Kg = 420/70 = Rs. 6
Selling Price = 6.50
Gain = Rs. 0.50
\begin{aligned}
Gain\% = \frac{.50}{6}*100 \\
= 8\frac{1}{3}\%
\end{aligned}
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
- \begin{aligned} 4\frac{1}{2} \end{aligned}
- \begin{aligned} 3\frac{1}{2} \end{aligned}
- \begin{aligned} 2\frac{1}{2} \end{aligned}
- \begin{aligned} 1\frac{1}{2} \end{aligned}
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
\begin{aligned}
Profit\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\
= \left( \frac{15}{600} * 100 \right)\% \\
= \frac{5}{2}\% = 2\frac{1}{2}\%
\end{aligned}
3. 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
4. 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}
5. In terms of percentage profit, which among following the best transaction.
- C.P. 36, Profit 17
- C.P. 50, Profit 24
- C.P. 40, Profit 19
- C.P. 60, Profit 29
Answer: Option D
Explanation:
Hint: Calculate profit percent as
Profit% = (profit/cost) * 100