Profit, loss and discount
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See all →- A trader sells two articles for ₹4,800 each. On one he gains 20% and on the other he loses 20%. What is his overall gain or loss percentage? Answer: D. 4% loss Answer: (D) 4% loss CP of first = 4800/1.2 = 4000 ; CP of second = 4800/0.8 = 6000 . Total CP = 10000, total SP = 9600. L... 1
- Two successive discounts of 20% and 15% are equal to a single discount of: Answer: C. 32% Answer: (C) 32% Single discount = 20 + 15 - 20 × 15/100 = 35 - 3 = 32% . 1
- A shopkeeper marks an article 40% above its cost price and allows a discount of 20% on the marked price. What is his profit percentage? Answer: A. 12% Answer: (A) 12% Let CP = 100. MP = 140. SP = 80% of 140 = 112. Profit = 12%. (Formula: 40 - 20 - 40 × 20/100 = 12% .) 1
- By selling an article for ₹1,140, a man loses 5%. At what price should he sell it to gain 15%? Answer: C. ₹1,380 Answer: (C) ₹1,380 CP = 1140/0.95 = 1200 . SP for 15% gain = 1200 × 1.15 = 1380 . 1
- By selling an article for Rs. 1,512, a shopkeeper gains 12%. At what price (in Rs.) should he sell it to gain 20%? Answer: C. 1620 Answer: (C) 1620 CP = 1512 ÷ 1.12 = Rs. 1,350. For 20% gain, SP = 1350 × 1.2 = Rs. 1,620. 1
- An article is marked at Rs. 2,500. Two successive discounts of 20% and 10% are given on it. What is the selling price (in Rs.)? Answer: D. 1800 Answer: (D) 1800 SP = 2500 × 0.80 × 0.90 = Rs. 1,800. (A single 30% discount would wrongly give Rs. 1,750.) 1