Profit and Loss
- A dealer purchased a washing machine for $ 7,660. After allowing a discount of 12% on its marked price, he still gains 10%. Find the marked price of the washing machine.
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If the marked price of the washing machine be $ y, then
x × 88 = 7660 × 110 100 100
Correct Option: A
If the marked price of the washing machine be $ y, then
x × 88 = 7660 × 110 100 100 ⇒ y = 7660 × 110 = $ 9575 88
- A publisher printed 2000 copies of a book at a cost of $ 70,000. He distributes 400 copies free as specimen copies. He gave 30% discount on printed price and the printed price of each book is $ 75. What is his gain or loss percentage?
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S.P. of each book = 75 × 70 = $ 52.50 100
Total S.P. = 1600 × 52.50 = $ 84000
Gain = 84000 – 70000 = $ 14000∴ Gain % = 14000 × 100 = 20% 70000
Correct Option: A
S.P. of each book = 75 × 70 = $ 52.50 100
Total S.P. = 1600 × 52.50 = $ 84000
Gain = 84000 – 70000 = $ 14000∴ Gain % = 14000 × 100 = 20% 70000
- A cooker is sold at a gain of 16%. If it has been sold for $ 20 more, 20% would have been gained. The cost price of the cooker is
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Let the CP of the cooker be $ y.
At 16% gain ,∴ Initial SP = 116y 100 Again, SP = 116y + 20 100 ∴ 116y + 20 = 120y 100 100
⇒ 116y + 2000 = 120y
⇒ 4y = 2000⇒ y = 2000 = $ 500 4
We can find required answer with the help of given formula :
Here, a = 16%, R = 20, b = 20%
Correct Option: C
Let the CP of the cooker be $ y.
At 16% gain ,∴ Initial SP = 116y 100 Again, SP = 116y + 20 100 ∴ 116y + 20 = 120y 100 100
⇒ 116y + 2000 = 120y
⇒ 4y = 2000⇒ y = 2000 = $ 500 4
We can find required answer with the help of given formula :
Here, a = 16%, R = 20, b = 20%C.P. = R × 100 b - a C.P. = 20 × 100 = $ 500 20 - 16
- To gain 8% after allowing a discount of 10%, by what per cent cost price should be hiked in the list price?
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Let the cost price be $ 100 and marked price be $ y
Then, y × 90 = 108 100 ⇒ 9y = 108 10
Correct Option: D
Let the cost price be $ 100 and marked price be $ y
Then, y × 90 = 108 100 ⇒ 9y = 108 10 ⇒ y = 108 × 10 = 120 9
∴ Required percentage = 20%
- A shopkeeper sold sarees at $ 266 each after giving 5% discount on labelled price. Had he not given the discount, he would have earned a profit of 12% on the cost price. What was the cost price of each saree?
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Let C.P. of each sari = $ y
Marked price = 112y 100 ∴ 95 × 112y = 266 100 100
Correct Option: D
Let C.P. of each sari = $ y
Marked price = 112y 100 ∴ 95 × 112y = 266 100 100 ⇒ y = 266 × 100 × 100 = $ 250 95 × 112