Profit and Loss
- A man sold an article at a gain of 5%. Had he sold it for Rs. 240 more, he would have gained 8%. The cost price of the article is
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Let C.P. of article be Rs. y.
According to the question, 108% of y – 105% of y = 240⇒ 108y - 105y = 240 100 100 ⇒ 3y = 240 100 ⇒ y = 24000 = Rs. 8000 3
Note : In the original question it is Rs. 40, not Rs. 240.
Second method to solve this question :
Here, a = 5%, R = 240, b = 8%
Correct Option: D
Let C.P. of article be Rs. y.
According to the question, 108% of y – 105% of y = 240⇒ 108y - 105y = 240 100 100 ⇒ 3y = 240 100 ⇒ y = 24000 = Rs. 8000 3
Note : In the original question it is Rs. 40, not Rs. 240.
Second method to solve this question :
Here, a = 5%, R = 240, b = 8%C.P. = R × 100 b - a C.P. = 240 × 100 = Rs 8000 8 - 5
- A manufacturer sells an item to a wholesale dealer at a profit of 18%. The wholesaler sells the same to a retailer at a profit of 20%. The retailer, in turn, sells it to a customer for $ 15045 thereby earning a profit of 25%. The cost price of the manufacturer is
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Let Cost price for the manufacturer = Rs. y
∴ y × 118 × 120 × 125 = 15045 100 100 100
Correct Option: B
Let Cost price for the manufacturer = Rs. y
∴ y × 118 × 120 × 125 = 15045 100 100 100 ⇒ 15045 × 1000000 = Rs. 8500 118 × 120 × 125
