A shopkeeper sells some articles at the profit of 25% on the original price . What is the exact amount of profit ?
To find the answer ,which of the following information given in statements I and II is/are necessary ?
I. Sale price of the article II. Number of articles sold
Answer : Option D
Gain = 25% of C.P.
In order to find gain , we must now the sale price of each article and the number of articles sold.
`:.` Correct answer is (D)
A shopkeeper sell some toys at Rs. 250 each . What percent profit does he make ? To find the answer , which of the
following information given in Statements I and II is / are necessary ?
I. Number of toys sold II. Cost price of each toy.
Answer : Option B
S.P. = Rs. 250. each . To find percent ,we must know the C.P. of each .
`:.` Correct answer is (B).
When a producer allows 36% commission on the retail price of his product he earns a profit of 8.8 % . What would be his profit percent if the commission is reduced by 24% ?
Answer : Option D
Let retail price = Rs. 100, commission Rs. Rs. 36.
`:.` S.P. = Rs. (100 - 36) = Rs. 64
But , profit = 8.8 %
`:.` C.P. = Rs. `(100/108.8 xx 64) = Rs. 1000/17`
New commission = Rs.12. New S.P. = Rs. (100 - 12)= Rs. 88
Gain = Rs. `(88 - 1000/17) = Rs. 496/17`
`:.` Gain % = `(496/17 xx 17/1000 xx 100)`% = 49.6%
At what percentage above the C.P. must an article be marked so as to gain 33 after allowing a customer a discount of 5%?
Answer : Option A
Let C.P. = Rs. 100, Then S.P.. = Rs. 133
Let marked price be Re. `x`
Then 95% of `x` = 133 `rArr 95/100 x = 133 rArr x = (133 xx 100/95)` = 140.
`:.` Marked price = 40 % above C.P.
A retailer buys 40 pens at the marked price of 36 pens from a wholesaler . If he sells these pens giving a discount of
1% , what is the profit percent ?
Answer : Option C
Let the marked price of each pen be Re.1
Then ,C.P. of 40 pens = Rs. 36. S.P. of 40 pens = 99% of Rs. 40 = 39.60
`:.` profit % = `(3.60/36 xx 100)`% = 10%