Advertisements
Advertisements
Question
On selling an article for Rs. 2,640, a profit of 10 percent is made. Find
- cost price of the article
- new selling price of it, in order to gain 15%
Advertisements
Solution
We know the relationship: `SP = CP xx (1+ ("Profit" %)/100)`
`2640 = CP xx(1+10/100)`
Simplify: 2,640 = CP × 1.1
`CP = 2640/1.1=2400`
For a 15% profit, the relationship is:
New `SP = CP xx (1+ ("Profit" %)/100)`
New `SP = 2400 xx (1+ 15/100)`
New SP = 2,400 × 1.15 = 2,760
- Cost Price: Rs. 2,400
- New Selling Price: Rs. 2,760
APPEARS IN
RELATED QUESTIONS
Find the gain or loss percent, if C.P. = Rs. 450 and S.P. = Rs. 400
Find the cost price, if: S.P. = Rs. 200 and loss = Rs. 50
By selling two transistors for Rs. 600 each, a shopkeeper gains 20 percent on one transistor and loses 20 percent on the other. Find :
- C.P. of each transistor.
- total C.P. and total S.P. of both the transistors.
- profit or loss percent on the whole.
Find the cost price of an article, which is sold for Rs. 4050 at a loss of 10%. Also, find the new selling price of the article which must give a profit of 8%.
The cost price of an article is 96% of its selling price. Find the loss or the gain as percent on the whole.
A car is marked at Rs. 50,000. The dealer gives 5% discount on first Rs. 20,000 and 2% discount on the remaining Rs. 30,000. Find:
(i) the total discount.
(ii) the price charged by the dealer.
A dealer buys a T.V. set for Rs. 2500. He marks it at Rs. 3,200 and then gives a discount of 10% on it. Find:
(i) the selling price of the T.V. set
(ii) the profit percent made by the dealer.
A shopkeeper allows 20% discount on the marked price of his articles. Find the marked price of an article for which he charges Rs. 560.
40 pens are bought at 4 for Rs. 50 and all of them are sold at 5 for Rs. 80 Find
(i) C.P. of one pen.
(ii) S/P. of one pen.
(iii) Profit made by selling one pen.
(iv) Profit percent made by selling one pen.
(v) C.P. of 40 pens
(vi) S.P. of 40 pens.
(vii) Profit made by selling 40 pens.
(viii) Profit percent made by selling 40 pens. Are the results of parts (iv) and (viii) same? What conclusion do you draw from the above result?
A certain number of articles are bought at Rs. 450 per dozen and all of them are sold at a profit of 20%. Find the S.P. of:
(i) one article
(ii)seven articles.
