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Which among following options are true relating to this question :

Ram sold a card and makes 20% profit out of it, how much profit he actually earned ?

1. Difference between cost price of card and selling price of card is Rs. 40.
2. Selling price of card is 120% of cost price of card.

  • Either 1 and 2 are sufficient to answer
  • Either 1 and 2 are not sufficient to answer
  • 1 is sufficient to answer alone, 2 is not sufficient to answer
  • 2 is sufficient to answer alone, 1 is not sufficient to answer

Answer: Option C

Explanation:

From the question it is clear that, Gain is 20%
From 1, it is clear that S.P. - C.P. = 40, so it is sufficient to get answer.
While 2 is not sufficient to get answer.

Similar Questions :

1. 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)

2. 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

3. 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

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 man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent

  • 1%
  • 2%
  • 3%
  • 4%

Answer: Option D

Explanation:

So we have C.P. = 27.50
S.P. = 28.60

Gain = 28.60 - 27.50 = Rs. 1.10

\begin{aligned}
Gain\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\
= \left( \frac{1.10}{27.50} * 100 \right)\% = 4\%
\end{aligned}

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