Question
The ratio of cost price to the marked price of an
article is 5:8. The article had been marked above its cost price by Rs. 216. If the article was sold at a discount of Rs. 180, then find the profit/loss percentage incurred.Solution
Let the cost price and marked price of the article be Rs. 5x and Rs. 8x, respectivelyAccording to the question,8x – 5x = 216Or, x = 72Therefore, cost price of the article = 5x = Rs. 360Marked price of the article = 8x = Rs. 576Selling price of the article = 576 – 180 = Rs. 396Required profit percentage = {(396 – 360)/360} × 100 = 10%
The profit earned when article is sold for Rs. 1440 is 27times of the loss incurred when it is sold for Rs. 880.Find the CP?
- A gadget was obtained at Rs. 1000 and improved for Rs. 600. It was marked 50% above the cost but later sold at a 10% loss. What is the discount given?
An item is sold at a profit of 35% when the profit is calculated on the selling price. What will the profit percentage be if calc...
The cost price of a blanket is Rs. 900. A seller sells one blanket with a profit of 18%, while the second blanket is sold at a loss of Rs. 150. Determin...
The ratio between the marked price and cost price of an article is B:A respectively. The ratio between the selling price and marked price of the article...
- A shopkeeper buys a total of 27 items, consisting of tables and chairs. The cost price ratio of one table to one chair is 20:9. Each table is sold at a 25%...
- A shopkeeper bought a computer for Rs. 30,000 and a printer for Rs. 5,000. He sold the computer at a profit of 10% and the printer at a loss of 15%. Find t...
An article is marked at a price that is 42% higher than its cost price, and its marked price is Rs. 12,070. If a discount of 20% is offered on the marke...
By selling a bike for Rs. 45000, Abhishek incurs a loss of Rs. 5000. Find the loss %.
A merchant sold a gadget incurring a 30% loss. If he had marked up the price by 20% and then given a 15% discount, he would have earned Rs. 120 more. Fi...
Relevant for Exams:
