Question
A dishonest seller sells goods at 10% loss on cost price but he sells 48 grams instead of 56 grams. Find the profit or loss percentage.
Solution
Let the cost price of the goods be Rs. 'x' per gm Therefore, cost price of 48 gm of goods = Rs. '48x' Selling price of 48 gm of goods = 0.9 X 56x = Rs. '50.4x' Required profit percentage = {(50.4x - 48x)/48x} X 100 = 5%
More Profit and loss Questions
- A shopkeeper marks an item at Rs 1500. He gives a discount of 10% on the marked price and still makes a profit of 20% on his cost price. Find the cost pric...
- The profit earned by selling an article for Rs. 8,600 is 7/12th the loss incurred on selling the same article for Rs. 5,700. Find the selling price of the ...
- Riya bought a laptop for Rs. (5200 + x). She sold it to Aman at a profit of 10%. Aman sold it to Meena at a profit of 25%, and Meena sold it to Piyush at a...
- The cost price of table A is equal to the selling price of table B. The cost price of table B is Rs.280 and the selling price of table A is Rs.300. If the ...
- A shopkeeper sold an article after offering two successive discounts of 21% and 25%, respectively. The marked price of the article is Rs. 2300. If the cost...
- A jacket tagged at Rs. 1450 is sold after two sequential discounts of 12% and 18%. Find the amount the buyer pays.
- Cost price of a piece of furniture is Rs. 4,000. It is labeled 50% above cost and finally sold after reducing Rs. 600 from the marked price. What is the pr...
- A dealer sold an article at a loss of 4%. Had he sold it for ₹120 more, he would have gained 8%. To gain 11%, he should sell the article for?
- P purchased a book from registered store and gets 12% discount while Q purchased the same book from a roadside stall and got 18% discount. If Q paid Rs. 12...
- A machine is sold at 10% profit and its selling price is Rs. 40 more than when sold at a 15% loss. Determine the cost price of the machine.
Relevant for Exams:
