A factory owner earns 12% on the product manufactured by him. The shopkeeper earns 10% profit on the same item. If shopkeeper sells the product for Rs. 98.56, then the cost price of the product for the factory owner is Rs. ____________.
Given: A factory owner earns 12% on the product manufactured by him. The shopkeeper earns 10% profit on the same item. If shopkeeper sells the product for Rs. 98.56.
Formula Used: Selling price = Cost price + Profit
Solution:
Let the factory owner's cost price be x.
Factory owner's selling price = x + 12% of x = 1.12x
Shopkeeper's cost price = 1.12x
Shopkeeper's selling price = 1.12x + 10% of 1.12x = 1.12x ×1.1 = 1.232x
1.232x = 98.56
=> x = 98.56 / 1.232 = 80
English
80 Questions
160 Marks
60 Mins English English20 Questions40 Marks12 Mins English English80 Questions160 Marks60 Mins EnglishA person bought a plot for ₹1,20,000. He sold part of this plot at a loss of 10%. At what profit percent should he sell the remaining plot to earn a profit of 27% on the whole transaction?
Atul bought a bicycle at three-fourth price of its marked price and sold it at 20% more than its marked price. What will be the profit percentage?
The cost price of article A is ₹ 500 more than the cost price of article B. Article A is sold at a loss of 10% and B is sold at a profit of 20%. If there is a profit of ₹200 in the entire transaction, then the cost price of article A is :
Vinay bought 100 pens (all at same cost price). He sold 40 pens at a profit of 20 percent, 20 pens at a profit of 40 percent and the remaining at the cost price. If he had sold all at a profit of 20 percent, then he would have got Rs. 160 more. What is the cost price of each pen?
A ration shop dealer sells his sugar using weights has 10% less than the true weight and makes a profit of 15%. Find his total gain percentage.
A shopkeeper allows a discount of 20% on the marked price. What price must be marked on an article costing ₹3360, so as to make a gain of 25%?
An article was sold at ₹600, making a profit of 20%. The cost price of the article was
Suggested Test Series
Suggested Test Series
