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Question Detail
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.
1. 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]
\begin{aligned}
\Rightarrow \left (\dfrac{SP - CP }{CP}\right ) = \dfrac{25}{100} = \dfrac{1}{4}
& \Rightarrow \dfrac{\left(20-x \right )}{x} = \dfrac{1}{4} \\
& \Rightarrow 80 - 4x = x \\
& \Rightarrow 5x = 80 \nonumber \\
& \Rightarrow x = \dfrac{80}{5} = 16 \\
\end{aligned}
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. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is
- \begin{aligned} \frac{6}{19}\% \end{aligned}
- \begin{aligned} \frac{6}{17}\% \end{aligned}
- \begin{aligned} 5\frac{5}{11}\% \end{aligned}
- \begin{aligned} 3\frac{5}{11}\% \end{aligned}
Answer: Option C
Explanation:
Whenever we get this type of question, we should have formula in mind that,
Gain% = (gain/cost)*100
Cost = 4700 + 800 = Rs. 5500
S.P. = Rs. 5800
Profit = 5800 - 5500 = 300
\begin{aligned}
Gain\% = \frac{300}{5500}*100 \\
= 5\frac{5}{11}\%
\end{aligned}
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. A shopkeeper cheats to the extent of 10% while buying and selling, by using false weights. His total gain is.
- 20%
- 21%
- 22%
- 23%
Answer: Option B
Explanation:
\begin{aligned}
Gain\% = \\ \left( \frac{(100 + \text{common gain}\%)^2}{100} - 100 \right)\% \\
= \left( \frac{(100 + 10)^2}{100} - 100 \right)\% \\
= \left( \frac{12100 - 10000}{100}\right)\% \\
= 21\%
\end{aligned}
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