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Question Detail
A material is purchased for Rs. 600. If one fourth of the material is sold at a loss of 20% and the remaining at a gain of 10%, Find out the overall gain or loss percentage
- \begin{aligned} 4\frac{1}{2} \end{aligned}
- \begin{aligned} 3\frac{1}{2} \end{aligned}
- \begin{aligned} 2\frac{1}{2} \end{aligned}
- \begin{aligned} 1\frac{1}{2} \end{aligned}
Answer: Option C
Explanation:
We need to get the Total selling price to solve this question. Because after getting selling price we can get profit or loss, then we can calculate profit% or loss%
So lets solve this:
Price Received by selling one fourth of the material at a loss of 20% =
(1/4) * 600 * (80/100) = Rs. 120
Price Received by remaining material at a gain of 10% =
(3/4) * 600 * (110/100) = Rs. 495 [Note: 1-(1/4) = 3/4]
Total Selling Price = 120 + 465 = Rs. 615
Profit = 615 - 600 = 15
\begin{aligned}
Profit\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\
= \left( \frac{15}{600} * 100 \right)\% \\
= \frac{5}{2}\% = 2\frac{1}{2}\%
\end{aligned}
1. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25% then determine the value of x.
- 14
- 15
- 16
- 17
Answer: Option C
Explanation:
Let the cost price 1 article = Re 1
Cost price of x articles = x
S.P of x articles = 20
Gain = 20 -x
\begin{aligned}
=> 25 = \left( \frac{20-x}{x} * 100 \right) \\
=> 2000 - 100x = 25 x \\
=> x = 16
\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 shopkeeper cheats to the extent of 10% while buying and selling, by using false weights. His total gain is.
- 20%
- 21%
- 22%
- 23%
Answer: Option B
Explanation:
\begin{aligned}
Gain\% = \\ \left( \frac{(100 + \text{common gain}\%)^2}{100} - 100 \right)\% \\
= \left( \frac{(100 + 10)^2}{100} - 100 \right)\% \\
= \left( \frac{12100 - 10000}{100}\right)\% \\
= 21\%
\end{aligned}
4. A material is purchased for Rs. 600. If one fourth of the material is sold at a loss of 20% and the remaining at a gain of 10%, Find out the overall gain or loss percentage
- \begin{aligned} 4\frac{1}{2} \end{aligned}
- \begin{aligned} 3\frac{1}{2} \end{aligned}
- \begin{aligned} 2\frac{1}{2} \end{aligned}
- \begin{aligned} 1\frac{1}{2} \end{aligned}
Answer: Option C
Explanation:
We need to get the Total selling price to solve this question. Because after getting selling price we can get profit or loss, then we can calculate profit% or loss%
So lets solve this:
Price Received by selling one fourth of the material at a loss of 20% =
(1/4) * 600 * (80/100) = Rs. 120
Price Received by remaining material at a gain of 10% =
(3/4) * 600 * (110/100) = Rs. 495 [Note: 1-(1/4) = 3/4]
Total Selling Price = 120 + 465 = Rs. 615
Profit = 615 - 600 = 15
\begin{aligned}
Profit\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\
= \left( \frac{15}{600} * 100 \right)\% \\
= \frac{5}{2}\% = 2\frac{1}{2}\%
\end{aligned}
5. A shopkeeper sells a transistor at Rs. 840 at a gain of 20% and another for Rs. 960 at the loss of 4%. Find his total gain percent.
- \begin{aligned} 5\frac{12}{17}\% \end{aligned}
- \begin{aligned} 5\frac{13}{17}\% \end{aligned}
- \begin{aligned} 5\frac{14}{17}\% \end{aligned}
- \begin{aligned} 5\frac{15}{17}\% \end{aligned}
Answer: Option D
Explanation:
In this type of question, we will first find total C.P. of items, then total S.P. of items, then we will get gain or loss. From which we can easily calculate its percentage.
So lets solve it now.
\begin{aligned}
\text{So, C.P. of 1st transistor = }\\
\left( \frac{100}{120} * 840 \right) = 700 \\
\text{C.P. of 2nd transistor = }\\
\left( \frac{100}{96} * 960 \right) = 1000 \\
\text{Total C.P. = 1700 }\\
\text{Total S.P. = 1800 }\\
\text{Gain = 1800 - 1700 = 100}\\
\text{Gain% = } \left( \frac{100}{1700} * 100 \right) \\
= 5\frac{15}{17}\%
\end{aligned}
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