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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

Similar Questions :

1. 100 oranges are bought at the rate of Rs. 350 and sold at the rate of 48 per dozen. The percentage of profit is

  • \begin{aligned} 12\frac{2}{7} \% \end{aligned}
  • \begin{aligned} 13\frac{2}{7} \% \end{aligned}
  • \begin{aligned} 14\frac{2}{7} \%\end{aligned}
  • \begin{aligned} 15\frac{2}{7} \% \end{aligned}

Answer: Option C

Explanation:

So before solving this question we will get the C.P. and S.P. of 1 article to get the gain percent.

C.P. of 1 orange = 350/100 = Rs 3.50
S.P. of one orange = 48/12 = Rs 4 [note: divided by 12 as 1 dozen contains 12 items]
Gain = 4 - 3.50 = Rs 0.50
\begin{aligned}
Gain\% = \frac{0.50}{3.50}*100 \\
= \frac{100}{7}\%
= 14\frac{2}{7}\%
\end{aligned}

2. A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be.

  • 130%
  • 140%
  • 150%
  • 160%

Answer: Option B

Explanation:

Let the C.P. = x,
Then S.P. = (120/100)x = 6x/5
New S.P. = 2(6x/5) = 12x/5

Profit = 12x/5 - x = 7x/5

Profit% = (Profit/C.P.) * 100
=> (7x/5) * (1/x) * 100 = 140 %

3. 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}

4. A book was sold for Rs 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then would have been percentage of profit and loss ?

  • 2% Profit
  • 3% Profit
  • 2% Loss
  • 3% Loss

Answer: Option B

Explanation:

Please remember
\begin{aligned}
S.P. = \left( \frac{100+gain\%}{100} * C.P \right)\\
\text{So, C.P. = }\left( \frac{100}{110} * 25.75 \right)\\
\text{When S.P. = 25.75 then } \\
Profit = 25.75 - 25 = Re. 0.75 \\

Profit\% = \frac{0.75}{25} * 100 = 3\%

\end{aligned}

5. A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%

  • Rs 8.81
  • Rs 9.81
  • Rs 10.81
  • Rs 11.81

Answer: Option D

Explanation:

85 : 9 = 105 : x
x= (9×105/85)
= Rs 11.81

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