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Question Detail
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)
1. A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.
- Rs.1200
- Rs.1230
- Rs.1260
- Rs.1290
Answer: Option C
Explanation:
Let the new S.P. be x, then.
(100 - loss%):(1st S.P.) = (100 + gain%):(2nd S.P.)
=>(951140=105x)=>x=1260
2. 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
3. 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
Gain%=(GainCost∗100)%=(1.1027.50∗100)%=4%
4. 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
5. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x
- 13
- 14
- 15
- 16
Answer: Option D
Explanation:
Let the Cost Price of one article = Rs. 1
CP of x articles = Rs. x
CP of 20 articles = 20
Selling price of x articles = 20
Profit = 25% [Given]
⇒(SP−CPCP)=25100=14⇒(20−x)x=14⇒80−4x=x⇒5x=80⇒x=805=16
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