Profit and Loss
- Arun bought toffees at 6 for a rupee. How many for a rupee he should sell to gain 20% ?
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CP = 100 / 6
SP = ( 100 / 6 ) X 1.2 = 100 / 5Correct Option: C
You can go through options.
CP = 100 / 6 = 16.66 paisa
SP = 100 / 5 = 20 paisa
Profit (%) = [( 20 - 16.66 ) / 16.66 ] X 100
= [ 3.33 /16.66 ] X 100
= ( 1 / 5 ) X 100 = 20%
Hence, option (c) is correct.
Alternatively:
CP = 100 / 6
SP = ( 100 / 6 ) X 1.2 = 100 / 5
Hence, he should sell 5 toffees for Re. 1 (100 paisa)
- Mr.Mittal purchased a car for Rs. 3,00,000 and a bike for his son for Rs. 1,00,000. He sold the car at a profit of 10% and bike at a loss of 20%. What is the net gain or loss?
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Gain = 10% of 3,00,000 = 30000
Loss = 20% of 1,00,000 = 20000Correct Option: D
Gain = 10% of 3,00,000 = 30000
Loss = 20% of 1,00,000 = 20000
Net gain = 10000 over Rs.4 lakh
Hence, profit = 10000/400000 x 100 = 2.5%
- A single discount equivalent to three successive discounts of 5% , 10% , 20% is :
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Let the original price be 100 Rs.
So reduced price = 100 X 0.95 X 0.90 X 0.80 = 68.40Correct Option: C
Let the original price be 100 Rs.
So reduced price = 100 X 0.95 X 0.90 X 0.80 = 68.40
∴ Single discount = (100 — 68.4) % = 31.6%
- An item was sold after giving two successive discount of 20% and 10% respectively. If the item was sold for Rs. 468. The marked price of that item is :
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Let the price be y , then
y x 0.8 x 0.9 = 468Correct Option: D
Let the price be y , then
y x 0.8 x 0.9 = 468
∴ x=650, therefore marked price = Rs. 650
Alternatively : 650 X 0.8 X 0.2 = 468
Hence option (d) is correct
- The profit percentage on the three articles A , B and C is 10%,20% and 25% and the ratio of the cost price is 1 : 2 : 4 . Also the ratio of number of articles sold of A , B and C is 2 : 5 : 2 then the overall profit percentage is :
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CP of A + B + c = 2xy + 5x*2y - 2x*4y = 20xy
Correct Option: B
CP of A + B + c = 2xy + 5x*2y - 2x*4y = 20xy
profit of A = 0.2xy
profit of B = 2xy
profit of C = 2xy
Total profit = 4.2xy
% profit = (4.2xy / 20xy) X 100 = 21%