By selling articles at 31, a shopkeeper losses 7%. What will the profit percentage be when he sells the same article at 35?
Given:
Selling Price (SP) = Rs.31
Loss = 7%
Formula used:
Profit = selling Price - cost Price
Cost price = selling price + loss
Solution:
The shopkeeper sells at Rs.31 and incurs a loss of 7%.
This means the selling price (S.P.) is 93% of the cost price (C.P.).
Let the cost price be Rs. x
x = 31 + 7% of x
=> x - 7% of x = 31
Profit = 35 -
=>
=>
Profit % =
=>
=> 5%
Thus, the correct answer is (b) 5%.
English
100 Questions
100 Marks
90 Mins English English100 Questions100 Marks90 Mins English English40 Questions30 Marks25 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?
Anil sells two pens at the rate of ₹1500 per pen. He earns a profit of 25 percent on one pen and loses 25 percent on the other pen. What will be the total profit or loss in whole transaction?
Pawan purchased two tables, first for ₹10000 and the second for ₹12000. He sold both the tables, first one at the profit of 10 percent and the second at a loss of 20 percent. What is the overall profit or loss?
On a particular day each of Danish, Ethan and Farhan sold three types of pens from their respective shops. Danish and Ethan sold an identical number of pens of Type A while Farhan sold twice as many pens of Type A as Danish and Ethan together sold. The ratio of the numbers of pens of Type B sold by Danish, Ethan and Farhan was 3 : 4 :1 respectively, and Ethan and Farhan sold an identical number of pens of Type C each, while Danish sold thrice as many pens of Type C as each of Ethan and Farhan sold. The three sellers sold each of the types of pens at different prices per unit.
Assertion (A): It is possible that Danish sold each pen of Type A at a loss of Rs 2, each pen of Type B at a profit of Rs 4, and each pen of Type C at a loss of Rs 5 and made an overall profit of Rs 144; Ethan sold each pen of Type A at a profit of Rs 5, each pen of Type B at a loss of Re 1, and each pen of Type C at a profit of Rs 7 and made an overall profit of Rs 13; and Farhan sold each pen of Type A at a profit of Re 3, each pen of Type B at a profit of Re 4, and each pen of Type C at a loss of Rs 6 and made an overall profit of Rs 240.
Reason (R): Framing and solving the three possible linear equations we will find that we get a unique solution.
The expense of a boarding house is partly fixed and partly varies with the number of boarders. What is the profit per head per month when there are 80 boarders?
Which one of the following is correct in respect of the Question and the Statements given below?
Statement 1: Each boarder pays $780 a month.
Statement 2: The profit is $108 per head per month when there are 50 boarders.
Statement 3: The profit is $128 per head per month when there are 60 boarders.
Rahim purchased 20 kg of oranges at the rate of ₹45/kg and sold them at the rate of ₹54/kg. During this period 1.5 kg oranges got spoiled. He sold the spoiled oranges at the rate of ₹10/kg. His net gain or loss percent is:
After deducting a commission of 10% on the marked price, a T.V. set costs ₹9,090. What is its marked price?
Two articles are sold by a traders. One of them is sold for 20% profit. Its selling price equals the cost price of the other article which is sold for 20% loss. Find the effective profit loss percentage approximately.
If the selling price of an article is 3 times the discount offered and if the percentage of the discount is equal to the percentage profit, find the ratio of the discount offered to the cost price.
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