Advertisements
Advertisements
Question
Hanif bought one box of 50 apples for Rs 400. He sold all the apples at the rate of Rs 10 each. Was there a profit or a loss? What was its percentage?
Advertisements
Solution
Cost price of 50 apples = Rs 400
Selling price of 1 apple = Rs 10
∴ Selling price of 50 apples = 50 × 10 = Rs 500
Since selling price is more than cost price, so there is a profit.
Profit = Selling Price − Cost Price
= 500 − 400
= Rs 100
Let x % be the Hanif's profit. Then,
`"x"/100 = "Profit"/"cost price" = 100/400`
`=> "x"/100 xx 100 = 100/400 xx 100`
⇒ x = 25
∴ Hanif made 25% profit in this transaction.
RELATED QUESTIONS
Tell what is the profit or loss in the following transaction. Also find profit percent or loss percent in given case.
Gardening shears bought for ₹ 250 and sold for ₹ 325.
Amita purchased a handbag for Rs.3000 and sold it at 20% above the cost price. If Rs. 360 is paid as tax on it, find her net profit and profit percentage.
By selling a cupboard for Rs.6480, a merchant loses 10%. Calculate his loss if he sells it for Rs.7560.
The cost price of 5 pens is the same as the selling price of 4 of them. Find the gain percent.
Akhil sells a painting worth Rs. 50000 to B at a profit of 15%. After some time B sells it back to Akhil at a loss of 15%. Find Akhil's loss or gain per cent overall.
A man sells 4 identical kites for Rs. 12 and makes a profit of 20%. If he sells 6 such kites for Rs. 24, find his gain or loss percent.
Rohit purchased a TV for Rs.15,000 and sold it at 20% above the cost price. If the selling price includes Rs. 1000 as tax, find his net profit and profit percent.
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?
The cost of a flower vase is Rs. 120. If the shopkeeper sells it at a loss of 10%, find the price at which it is sold.
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?
