17
Q:

# If the cost price is 25% of selling price. Then what is the profit percent.

 A) 150% B) 200% C) 300% D) 350%

Explanation:

Let the S.P = 100
then C.P. = 25

Profit = 75

Profit% = (75/25) * 100 = 300%

Q:

When a women sells 20 articles for Rs. 160, there is 40% loss. How many articles should she sell for Rs. 240 in order to earn 20% profit ?

 A) 16 B) 15 C) 17 D) 14

Explanation:

Given when she sells at Rs. 160 for 20 articles, she get 40% loss.

Then, to get 20% profit selling at Rs. 240 for let 'P' articles

=> $\inline \fn_jvn \frac{\frac{160}{20}}{60}=\frac{\frac{240}{P}}{120}$

=> 120 x 160 x P = 20 x 70 x 240

=> P =  15 articles.

8 130
Q:

Selling an article at a profit of 20%, Aman gets Rs. 400 more than selling at a loss of 20%. The cost price of the article is ?

 A) Rs.1000 B) Rs. 1020 C) Rs.1210 D) Rs.1140

Explanation:

Cost price of the article is given by

= 400x100/(20+20)

= Rs.1000

8 77
Q:

In an exhibition, Almond bought a painting for Rs. 20000. He later sold it to Olive for Rs. 23000. Olive sold it to Sarah for double the profit percentage that Almond earned. At what price should Sarah sell this painting to earn 8% profit ?

 A) Rs. 34,410 B) Rs. 31,184 C) Rs. 29,999 D) Rs. 32,292

Answer & Explanation Answer: D) Rs. 32,292

Explanation:

Almond Selling price = CP(1 + P%/100)

=> CP = 20000, SP = 23000

=> 23000 = 20000 (1 + P/100)

=> P% = 100(23000/20000 - 1) = 15

Then, Olive's P% = 30%

SP for Olive = CP for Sarah = 23000(1 + 30/100) = 29900

Now Sarah wants to earn profit of 8%

=> Sp for Sarah = 29900(1 + 8/100)

= Rs. 32,292.

7 207
Q:

If the labour cost 20% of the cost of production and raw material cost 10% of the cost of production and the price on which article is sold is 20% above the cost of production. If the price of labour is increased by 40% and the price of raw material increased by 20% and rest other expenditure of cost remain constant. The industry thus decide to increase the selling price by 10%. Find the new profit percent  ?

 A) 18% B) 20% C) 22% D) 24%

Explanation:

Let the Cost of Production of the article = 100

Then, Labour Cost = 20

Raw Material = 10

Other Expenditure = 100 - 10 – 20 = 70

Selling Price of the article  = 120

After increasing Labour and Raw material cost by 40% & 20% respectively,

New Labour cost = 28

New Raw material cost = 12

New Cost of Production = 70 + 28 + 12 = 110

Then, New SP = 110% of 120 = 120 x 110/100 = 132

=> New Gain = 132 - 110 = 22

=> New Profit % = 22 x 100/110 = 20%

7 163
Q:

A man purchases two articles, on selling one at loss of 20% while the other at a profit of 25%, he gains the overall profit of 5% than find the ratio of their selling price ?

 A) 8 : 62.5 B) 55 : 8 C) 8 : 65 D) 64.4 : 9

Answer & Explanation Answer: A) 8 : 62.5

Explanation:

Article I                   Article II
-20                         25%
5%
20%                       25%

4              :              5

Now, Selling of first article = (4-20%) = 0.8

Selling of second article = (5+25%) =  6.25

Therefore the ratio of selling price = 8 : 62.5