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.

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. A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400

  • 4%
  • 5%
  • 6%
  • 7%

Answer: Option D

Explanation:

Gain % = (164.36*100/2400) = 6.84 % = 7% approx

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

\begin{aligned}
Gain\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\
= \left( \frac{1.10}{27.50} * 100 \right)\% = 4\%
\end{aligned}

4. 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

5. 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.)

\begin{aligned}
=>\left( \frac{95}{1140} = \frac{105}{x} \right) \\

=> x = 1260
\end{aligned}

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