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Question Detail
A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is
- 18%
- 20%
- 22%
- 24%
Answer: Option B
Explanation:
Let the cost price = Rs 100
then, Marked price = Rs 135
Required gain = 8%,
So Selling price = Rs 108
Discount = 135 - 108 = 27
Discount% = (27/135)*100 = 20%
1. If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then find the cost of production of a table if the retail price was Rs 1265
- Rs. 750
- Rs. 800
- Rs. 850
- Rs. 900
Answer: Option B
Explanation:
Let the cost of Production = Rs. P
Then, as per question,
\begin{aligned}
=> \left( \frac{125}{100} *\frac{115}{100}*\frac{110}{100} * P \right) = 1265\\
=> \frac{253}{160}P = 1265 \\
=> P = 800
\end{aligned}
2. A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles ?
- Rs15
- Rs 20
- Rs 22
- Rs 25
Answer: Option C
Explanation:
As question states that rate was of pair of articles,
So rate of One article = 37.40/2 = Rs. 18.70
Let Marked price = Rs X
then 85% of X = 18.70
=> X = 1870/85 = 22
3. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit
- 70%
- 80%
- 90%
- None of above
Answer: Option A
Explanation:
Let C.P.= Rs. 100.
Then, Profit = Rs. 320,
S.P. = Rs. 420.
New C.P. = 125% of Rs. 100 = Rs. 125
New S.P. = Rs. 420.
Profit = Rs. (420 - 125) = Rs. 295
Required percentage = (295/420) * 100
= 70%(approx)
4. A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The C.P. of the article was
- Rs 100
- Rs 150
- Rs 200
- Rs 250
Answer: Option C
Explanation:
Let original Cost price is x
Its Selling price = 105/100 * x = 21x/20
New Cost price = 95/100 * x = 19x/20
New Selling price = 110/100 * 19x/20 = 209x/200
[(21x/20) - (209x/200)] = 1
=> x = 200
5. Akhil purchased 70kg vegetable at Rs. 420, then sold them at the rate of Rs. 6.50 per kg, find the profit percent.
- \begin{aligned} 8\frac{1}{3}\% \end{aligned}
- \begin{aligned} 7\frac{1}{3}\% \end{aligned}
- \begin{aligned} 6\frac{1}{3}\% \end{aligned}
- \begin{aligned} 5\frac{1}{3}\% \end{aligned}
Answer: Option A
Explanation:
Please note in this type of questions, get the value of 1 kg to solve this question, lets solve it.
C.P. of 1 Kg = 420/70 = Rs. 6
Selling Price = 6.50
Gain = Rs. 0.50
\begin{aligned}
Gain\% = \frac{.50}{6}*100 \\
= 8\frac{1}{3}\%
\end{aligned}
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