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Question Detail
If the cost price is 25% of selling price. Then what is the profit percent.
- 150%
- 200%
- 300%
- 350%
Answer: Option C
Explanation:
Let the S.P = 100
then C.P. = 25
Profit = 75
Profit% = 75/25 * 100 = 3005
1. Sahil purchased a machine at Rs 10000, then got it repaired at Rs 5000, then gave its transportation charges Rs 1000. Then he sold it with 50% of profit. At what price he actually sold it.
- Rs. 22000
- Rs. 24000
- Rs. 26000
- Rs. 28000
Answer: Option B
Explanation:
Question seems a bit tricky, but it is very simple.
Just calculate all Cost price, then get 150% of CP.
C.P. = 10000 + 5000 + 1000 = 16000
150% of 16000 = 150/100 * 16000 = 24000
2. A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is
- 12%
- 13%
- 14%
- 15%
Answer: Option A
Explanation:
Suppose he bought 5 kg and 3 kg of tea.
Cost Price = Rs. (5 x 18 + 3 x 20) = Rs. 150.
Selling price = Rs. (8 x 21) = Rs. 168.
Profit = 168 - 150 = 18
So, Profit % = (18/150) * 100 = 12%
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. 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 %
5. 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}
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