Advertisements
Advertisements
Question
A manufacturer makes 800 straws at a cost of 50 paise per straw. He fixes the selling price such that if only 640 straws are sold, he would make a profit of 50% on his outlay. Find his actual profit or loss percent, if he sells 720 straws.
Advertisements
Solution
C.P. of 800 straw at the rate of 50 paise per straw
= Rs. `(50/100 xx 800)`
= Rs.400
Since profit is 50% of his outlay when only 640 articles are sold,
∴ S.P. of 640 straws
= `(1 + 50/100)` of Rs. 400
= `(150/100)` x Rs.400
= Rs.600
∴ S.P. of each article
= Rs. `(600)/(640)`
= Rs.`(15)/(16)`
∴ S.P. of 720 straws
= Rs. `(720 xx 15/16)`
= Rs.675
∴ Actual profit
= Rs.675 - Rs.400
= Rs.275
∴ Actual profit %
= `("Profit"/"C.P." xx 100)%`
= `(275/400 xx 100)%`
= 68.75%.
APPEARS IN
RELATED QUESTIONS
Tell what is the profit or loss in the following transaction. Also find profit percent or loss percent in given case.
A refrigerator bought for ₹ 12,000 and sold at ₹ 13,500.
Tell what is the profit or loss in the following transaction. Also find profit percent or loss percent in given case.
A skirt bought for ₹ 250 and sold at ₹ 150.
A trader mixes 200 kg of sugar at Rs.18 per kg with 100kg of sugar at Rs.22 per kg. He then sells the sugar at Rs.20 per kg. Find his profit percent.
A milkman purchases milk at the rate of rs. 14 per litre and then mixes 40% water to it. Find the profit per cent, if he sells the mixture at Rs. 6 per litre.
A certain number of eggs are bought at 4 for 5 and an equal number at 9 for Rs.10. If 15% were broken in transaction and remaining were sold at 2 for Rs.3, find the profit percent and the number of eggs of each kind bought, if Rs.510 were gained on the whole.
Maganlal bought trousers for Rs 400 and a shirt for Rs 200 and sold them for Rs 448 and Rs 250 respectively. Which of these transactions was more profitable?
Selling price of a toy car is Rs. 540. If the profit made by the shopkeeper is 20%, what is the cost price of this toy?
2 is what percentage of 50?
In a furniture shop, 24 tables were bought at the rate of ₹ 450 per table. The shopkeeper sold 16 of them at the rate of ₹ 600 per table and the remaining at the rate of 400 per table. Find her gain or loss percent.
A tea merchant blends two varieties of tea in the ratio of 5 : 4. The cost of first variety is ₹ 200 per kg and that of second variety is ₹ 300 per kg. If he sells the blended tea at the rate of ₹ 275 per kg, find out the percentage of her profit or loss.
