1. A bookseller marks his books at an advance of 69% on the actual cost of production. He allows a discount of 15% and also given a copy free for every dozen sold at a time. What rate per cent profit does the bookseller make, if books are sold in lots of 12? ( upto one decimal point)
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Correct Ans:32.6
Explanation:
Let the Cost price, C.P of a book = Rs. 100
Given, Marked Price, M.P = 69% more than C.P
= [(100 + 69) / 100] * C.P
= (169 / 100) * 100
= Rs. 169
Discount Amount = 15 % on M.P
= (15/100) * 169
= 25.35 Rs.
Selling price (S.P) of a book = M.P - Discount Amount
= 169 - 25.35
= 143.65 Rs.
Total Books sold = 12 books + 1 book (free copy)
= 13 books
So, C.P of 13 books = 100 * 13 = 1300 Rs.
S.P of 13 books = 143.65 * 12 (Since, one book is sold for free)
= 1,723.8 Rs.
Required profit % = {(S.P of 13 books - C.P of 13 books) / C.P of 13 books} * 100%
= {(1723.8 - 1300) / 1300} * 100%
= (423.8 / 13) %
= 32.6 %
Therefore, Required profit % = 32.6%
2. An article was purchased for Rs 78,350 .Its price was marked up by 30 % .It was sold at a discount of 20 % on the marked up price. What was the profit percent on the cost price ?
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Correct Ans:4%
Explanation:
Given
Cost Price of Article (C.P) = Rs 78,350
Marked price (M.P)= 30% more than C.P
= [(100 + 30) / 100] * 78,350
= 10185500 / 100
= 101855
Selling price = 20% discount on M.P
= [(100 - 20) /100] * M.P
= (80 / 100) * 101855
= 8148400 / 100
= 81484
Profit = SP- CP
= 81484 - 78350
= 3134
Profit % = (Profit / CP) * 100
= (3134 / 78350) * 100
= 31340 / 7835
= 4 %
Profit percentage on Cost price = 4%
3. A dealer purchased LG Refrigerator for Rs. 7660. He allows a discount of 12% on its marked price and still gains 10%. Find the marked price of the Refrigerator.
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Correct Ans:9575
Explanation:
Given
Cost price of the LG Refrigerator = Rs. 7660, Gain% = 10%
Therefore Selling price (S.P) = {(100 + gain%) /100} * CP
= {(100 + 10) / 100} * 7660
= [(110 / 100) * 7660
= 11 * 766
= Rs 8426.
Let the marked price be Rs x.
Then, the discount = 12% of Rs x
= (12 / 100) * x
= 3 x / 25
Therefore, Selling price (S.P) = (Marked Price) - (discount)
= x - (3x / 25 )
= (25x - 3x) / 25
= (22 x / 25)
But, the SP selling price = Rs 8426.
= ( 22 x / 25 ) = 8426
=> x = (8426 * 25 / 22)
= 383 * 25
= 9575
Hence, the marked price of the LG refridgerator is "x"= Rs. 9575
4. The marked price of a water cooler is Rs 4650. The shopkeeper offers an off-season discount of 18% on it. Find its selling price (in Rs).
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Correct Ans:3813
Explanation:
5. Find the single discount equivalent to two successive discounts of 20% and 10%.
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Correct Ans:28 %
Explanation:
6. A trader marks his goods at 40% above the cost price and allows a discount of 25%. What is his gain percent?
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Correct Ans:5%
Explanation:
Let cost price, C.P = 100 Rs.
Givenmarked price, M.P = 40 % above C.P
=> M.P = 40% of C.P + C.P
= (40/100) * 100 + 100
= 40 + 100
= 140 Rs.
=> M.P = Rs. 140
Discount Amount = 25 % of M.P
= (25/ 100) * 140
= 35 Rs.
S.P = M.P - Discount
= 140 - 35
=> S.P = 105 Rs.
Profit = S.P - C.P = 105 - 100 = 5 Rs.
Profit % = (Profit / C.P) * 100 %
= (5/100) * 100%
= 5 %
Therefore, Gain percentage = 5 %
7. The marked price of a ceiling fan is Rs. 1250 and the shopkeeper allows a discount of 6% on it. Find the selling price of the fan (in Rs).
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Correct Ans:1175
Explanation:
Given, Marked Price (M.P) = Rs. 1250
Discount = 6 % of M.P
= (6/100) * 1250
= 75 Rs.
Selling price (S.P) = Marked Price - Discount
= 1250 - 75
= 1175
Therefore, Selling price = Rs. 1175
8. At what percentage above the cost price must an article be marked so as to gain 33% after allowing a customer a discount of 5%?
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Correct Ans:40 %
Explanation:
9. By selling a chair for $ 504, a shopkeeper gains 12%. For how much should he sell it to gain 18%?
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Correct Ans:$ 531.00
Explanation:
10.
A trader owes a merchant Rs. 901 due 1 year’s hence. However, the trader wants to settle the account after 3 months. How much cash should he pay, if rate of interest is 8% per annum:
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Correct Ans:850
Explanation:
11.
A man purchased a cow for Rs. 300 and sold it the same day for Rs. 360, allowing the buyer a credit of 9 years. If the rate of interest be 7 % per annum, then the man has a gain of:
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Correct Ans:5 %
Explanation:
12. If the price of an article has fallen by 10%, what percent of its consumption be increased so that the expenditure may be the same as before?
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Correct Ans:11 1/9 %
Explanation:
Formula:If the price of a commodity increases or decreases by a%, then, the percentage decrease or increase in consumption, so that the expenditure may be the same as before is equal to:
[a/ (100 ± a)] x 100%
Given,price of an article has fallen by 10%
=> Percentage increase in Consumption = [10/ (100 - 10)] x 100%
= [10/ 90] x 100%
= 100/ 9 %
= 11 (1/9) %
13. After decreasing 24% in the price of an article costs Rs.912. Find the actual cost of an article?
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Correct Ans:1200
Explanation:
14. Find the discount percentage which is equivalent for two successive discount of 10 % on a product worth Rs. 10,800
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Correct Ans:19
Explanation:
Given,two successive discount of 10 %.
Let, x = First discount = 10%, y = seconddiscount = 10%
Total Discount % = (x + y - [xy/100])%
= (10 + 10 - [10x10/100])%
= (20 - [100/100])%
= (20 - 1)%
= 19%
Total Discount % which is equivalent for two successive discount of 10 % = 19%
15. A man offers a discount of 10 % if the sale is worth more than 2000 Rs. Raju bought for Rs. 1400 and Shamu bought for 1400 Rs., hence they are not eligible for any discount. If the bill is made as a single purchase what will be the discount received by Shamu.
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Correct Ans:140
Explanation:
16. A shopkeeper gives two successive discounts of 10% on a product worth Rs. 1800. Without successive discount find the equivalent discount in percentage to avail the same amount as discount?
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Correct Ans:19 %
Explanation:
Given, Original Price = Rs. 1800
Price after 1st discount of 10% = 1800 - {(10/ 100) * 1800}
= 1800 - 180
= 1620
Price after 2nd discount of 10% = 1620 -{(10/ 100) * 1620}
= 1620 - 162
= 1458
Now, Single Dicount Amount = 1800 - 1458 = 342 Rs.
Required Percentage =Single Dicount Amount /Original Price * 100%
= (342 / 1800) * 100%
= 19 %
17. A person sells 12 oranges for some price. For his friends he sells 15 oranges for the same price. Find the discount given by him to his friends in percentage.
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Correct Ans:25 %
Explanation:
18. The marked price of a radio is 40% more than its cost price. If a discount of 10% is given on the marked price, find the gain percent.
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Correct Ans:26%
Explanation:
Let the C.P = 100 Rs
M.P = 40% more than 100.
= 40 % of C.P + C.P
= (40/100)* 100 + 100
=140 Rs.
=> M.P = Rs. 140
He gives discount of 10%,
Discount Amount = (10/ 100) * 140 = 14
S.P = M.P - Discount
=> S.P = 140 - 14
=> S.P = 126 Rs
Profit = S.P - C.P = 126 - 100 = 26 Rs.
=> Profit percentage = (profit / C.P) * 100 = (26 / 100) * 100 = 26%
19. The marked price of a radio is 20% more than its cost price. If a discount of 20% is given on the marked price, find the gain/loss percent.
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Correct Ans:loss 4 %
Explanation:
Let the C.P = 100 Rs.
M.P = 20% more than 100.
=> M.P = 120 Rs.
He gives discount of 20%,
Discount Amount = 20 % of 120 = (20/100) * 120 = 24 Rs.
Selling Price = Marked Price - Discount amount
=> S.P = 120 - 24
=> S.P = 96 Rs
Since, C.P > S.P ---> there is loss in sales.
Loss = C.P - S.P
=> Loss =100 - 96 = 4 Rs.
Loss percentage = (Loss/ C.P ) * 100
= (4/100) *100
= 4 %
Thus requiredloss percent = 4 %
20. The labelled price of a product is Rs. 3000. If it is sold at 20% discount and the dealer earns 25% profit, Find its cost price.
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Correct Ans:Rs. 1920
Explanation:
S.P of the product = (80/100) x 3000 = Rs. 2400
Proft = 25 % => C.P = (100/125) x 2400 = Rs. 1920
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