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Question Detail
A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent.
- 10%
- 20%
- 25%
- 28%
Answer: Option B
Explanation:
We know, C.P. = 5000
S.P. = 4000
Loss = 5000 - 4000 = 1000
\begin{aligned}
Loss\% = \left( \frac{Loss}{Cost} * 100 \right)\% \\
= \left( \frac{1000}{5000} * 100 \right)\% = 20\%
\end{aligned}
1. A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item
- Rs. 660
- Rs. 760
- Rs. 860
- Rs. 960
Answer: Option D
Explanation:
Here always remember, when ever x% loss,
it means S.P. = (100 - x)% of C.P
when ever x% profit,
it means S.P. = (100 + x)% of C.P
So here will be (100 - x)% of C.P.
= 80% of 1200
= 80/100 * 1200
= 960
2. In terms of percentage profit, which among following the best transaction.
- C.P. 36, Profit 17
- C.P. 50, Profit 24
- C.P. 40, Profit 19
- C.P. 60, Profit 29
Answer: Option D
Explanation:
Hint: Calculate profit percent as
Profit% = (profit/cost) * 100
3. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is
- \begin{aligned} \frac{6}{19}\% \end{aligned}
- \begin{aligned} \frac{6}{17}\% \end{aligned}
- \begin{aligned} 5\frac{5}{11}\% \end{aligned}
- \begin{aligned} 3\frac{5}{11}\% \end{aligned}
Answer: Option C
Explanation:
Whenever we get this type of question, we should have formula in mind that,
Gain% = (gain/cost)*100
Cost = 4700 + 800 = Rs. 5500
S.P. = Rs. 5800
Profit = 5800 - 5500 = 300
\begin{aligned}
Gain\% = \frac{300}{5500}*100 \\
= 5\frac{5}{11}\%
\end{aligned}
4. If the cost price of 12 items is equal to the selling price of 16 items, the loss percent is
- 20%
- 25%
- 30%
- 35%
Answer: Option B
Explanation:
Let the Cost Price of 1 item = Re. 1
Cost Price of 16 items = 16
Selling Price of 16 items = 12
Loss = 16 - 12 = Rs 4
Loss % = (4/16)* 100 = 25%
5. 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}
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