Question
A loss of 12% is made by selling an article. Had it been sold for Rs.60 more, there would have been a profit of 8%. What would be the selling price of the article if it is sold at 16% profit?
Solution
CP of an article = 60 × 100/[8 – (-12)] = Rs.300 SP at 16% profit = (116/100) × 300 = Rs.348
More Profit and loss Questions
- K and L invested Rs. 3200 and Rs. 2800 respectively. After 6 months, L increases his investment by Rs. 1200. If the total profit for the year is Rs. 2310, ...
- Suman sold two items, each for Rs. 2,500. She made a profit of 25% on the first item and incurred a loss of 16.67% on the second item. Calculate the total ...
- Rohan purchases an article and sells it at Rs. 1850 to Aryan, while Mohit purchases the same article from Aryan at Rs.2050 and Mohit sells it to Tushar at ...
- The ratio of the cost price and marked price of an article is 4:7, respectively. The article is sold after giving a discount of Rs. 800 such that there is ...
- What was the cost price of an item that a shopkeeper sold at a 20% discount after initially marking it up by 60%, resulting in a profit of Rs. 126?
- Ankita sold a cycle for Rs. 17,600 after offering a 12% discount, earning a profit of 10%. Determine the profit percentage if no discount had been applied.
- The profit earned by selling an article for Rs. 7,000 is 2/5th the loss incurred on selling the same article for Rs. 4,500. Find the selling price of the a...
- An article is marked 25% above its cost price and sold after offering a discount of Rs. 30 such that its selling price is Rs. 50 more compared to its selli...
- A shopkeeper sold an article at a gain of 20%. Had he bought it for 20% less than the original cost and sold it for ₹10 less, he would have gained 25%. The...
- A shopkeeper marks the price of an article 50% above its cost price. He allows two successive discounts of 20% and 10% on the marked price and still makes ...
Relevant for Exams:
