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Which among following options are true relating to this question :

Ram sold a card and makes 20% profit out of it, how much profit he actually earned ?

1. Difference between cost price of card and selling price of card is Rs. 40.
2. Selling price of card is 120% of cost price of card.

  • Either 1 and 2 are sufficient to answer
  • Either 1 and 2 are not sufficient to answer
  • 1 is sufficient to answer alone, 2 is not sufficient to answer
  • 2 is sufficient to answer alone, 1 is not sufficient to answer

Answer: Option C

Explanation:

From the question it is clear that, Gain is 20%
From 1, it is clear that S.P. - C.P. = 40, so it is sufficient to get answer.
While 2 is not sufficient to get answer.

Similar Questions :

1. If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then find the cost of production of a table if the retail price was Rs 1265

  • Rs. 750
  • Rs. 800
  • Rs. 850
  • Rs. 900

Answer: Option B

Explanation:

Let the cost of Production = Rs. P
Then, as per question,

\begin{aligned}
=> \left( \frac{125}{100} *\frac{115}{100}*\frac{110}{100} * P \right) = 1265\\
=> \frac{253}{160}P = 1265 \\
=> P = 800
\end{aligned}

2. 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)

3. A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%

  • Rs 8.81
  • Rs 9.81
  • Rs 10.81
  • Rs 11.81

Answer: Option D

Explanation:

85 : 9 = 105 : x
x= (9×105/85)
= Rs 11.81

4. A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be.

  • 130%
  • 140%
  • 150%
  • 160%

Answer: Option B

Explanation:

Let the C.P. = x,
Then S.P. = (120/100)x = 6x/5
New S.P. = 2(6x/5) = 12x/5

Profit = 12x/5 - x = 7x/5

Profit% = (Profit/C.P.) * 100
=> (7x/5) * (1/x) * 100 = 140 %

5. 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}

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