Profit and Loss
- The loss incurred on selling an article for Rs. 270 is as much as the profit made after selling it at 10% profit. The C.P. of the article is ?
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Let C.P.be Rs. x then, x - 270 = 10% of x = x / 10
∴ x = 300Correct Option: D
Let C.P.be Rs. x then, x - 270 = 10% of x = x / 10
∴ x = 300
- A discount series of 10%, 20% and 40% is equal to single discount of ?
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Let original price = Rs. 100
Price after 1 st discount = Rs. 90
Price after 2 nd discount = Rs. (80/100) x 90 = Rs. 72
Price after 3 rd discount = Rs. (60/100) x 72 = Rs. 43.20
∴ Single equivalent discount = (100 - 43.20) = 56.8%Correct Option: B
Let original price = Rs. 100
Price after 1 st discount = Rs. 90
Price after 2 nd discount = Rs. (80/100) x 90 = Rs. 72
Price after 3 rd discount = Rs. (60/100) x 72 = Rs. 43.20
∴ Single equivalent discount = (100 - 43.20) = 56.8%
- The C.P. of an article is 40% of the S.P. The per cent that the S.P. is of C.P. is ?
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Let S.P. = Rs. 100
Then C.P. = Rs. 40
∴ Required percent = (100/40) x 100% = 250%Correct Option: D
Let S.P. = Rs. 100
Then C.P. = Rs. 40
∴ Required percent = (100/40) x 100% = 250%
- Toffees are bought at the rate of 8 for a rupee. To gain 60% they must be sold at ?
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Suppose he buys 8 toffees
Then, C.P. = Re. 1
Gain = 60%
∴ S.P. = Rs. (160 / 100 x 1) = Rs. 8 / 5
For Rs. 8 / 5, toffees sold = 8
For Re. 1 toffees sold = (8 x 5) / 8 = 5
So, he must sell them at 5 for a rupeeCorrect Option: B
Suppose he buys 8 toffees
Then, C.P. = Re. 1
Gain = 60%
∴ S.P. = Rs. (160 / 100 x 1) = Rs. 8 / 5
For Rs. 8 / 5, toffees sold = 8
For Re. 1 toffees sold = (8 x 5) / 8 = 5
So, he must sell them at 5 for a rupee
- Jimmy bought paper sheets for Rs. 7200 and spent Rs. 200 on transport paying Rs. 600 he had 330 boxes made, which he sold at Rs. 28 each. What is his profit percentage ?
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C.P. of 330 boxes = Rs. (7200 + 200 + 600) = Rs.8000
S.P. of 330 boxes = Rs. (330 x 28) = Rs. 9240Correct Option: A
C.P. of 330 boxes = Rs. (7200 + 200 + 600) = Rs.8000
S.P. of 330 boxes = Rs. (330 x 28) = Rs. 9240
∴ Gain % = (1240 / 8000) x 100 % = 15.5%