A man bought an article listed at Rs. 1500 with a discount of 20% offered on the list price. What additional discount must be offered to man to bring the net price to Rs. 1,104?
8%
10%
12%
15%
Show Answer
Correct Answer is: 8%
Explanation:
SP of the article = MP – Discount = 1500 – 20% of 1500 = 1500 – 300 = Rs 1200
Therefore, additional discount = (1200 – 1104)/1200 x 100 = (96/1200) x 100 = 8%
A man buys pencils at the rate of 6 for Rs. 5 and sells them at 5 for Rs. 6. His profit per cent is….
30
35
40
44
Show Answer
Correct Answer is: 44
Explanation:
CP of 6 pencils = Rs 5
CP of 1 Pencil = Rs 5/6
SP of 5 pencils = Rs 6
SP of 1 pencil = Rs 6/5
Profit% = (SP – CP)/CP x 100 = (6/5 – 5/6)/5/6 x 10 = (11/30)/5/6 x 100 = 11/25 x 100 = 44%
The ratio of cost price and selling price of an article is 8:9. The profit per cent is….
20
15
12.5
10
Show Answer
Correct Answer is: 12.5
Explanation:
CP : SP = 8 : 9 = 8x : 9x
Profit% = (SP – CP)/CP x 100
=(9x – 8x)/8x * 100
= 100/8 = 12.5%
An article listed at Rs. 800 is sold at successive discounts of 25% and 15%. The buyer desires to sell it off at a profit of 20% after allowing a 10% discount. What would be his list price?
Rs. 620
Rs. 600
Rs. 640
Rs. 680
Show Answer
Correct Answer is: Rs. 680
Explanation:
SP = 800 x 75/100 x 85/100 = Rs 510
CP for the buyer = Rs 510
Profit = 20%
SP = 510 + 20% of 510 = 510 + 102 = Rs 612
SP = MP –Discount
612 = MP – 10% of MP
612 = MP – MP/10 = 9MP/10
MP = (612 x 10)/9 = Rs 680
A dealer buys a car listed at Rs. 200000 at successive discounts of 5% and 10%. If he sells the car for Rs. 179550, then his profit is….
10%
9%
5%
4%
Show Answer
Correct Answer is: 5%
Explanation:
CP = 200000 x 95/100 x 90/100 = Rs 171000
Profit % = (179550 – 171000)/171000 x 100 = 5%
A bicycle, marked at Rs. 2,000, is sold with two successive discount of 20% and 10%. An additional discount of 5% is offered for cash payment. The selling price of the bicycle at cash payment is….
Rs. 1,368
Rs. 1,468
Rs. 1,568
Rs. 1.668
Show Answer
Correct Answer is: Rs. 1,368
Explanation:
SP = 2000 x 80/100 x 90/100 x 95/100 = Rs 1368
While selling a cooler, a shop keeper gives a discount of 10% on the marked price. If he gives a discount of 12% he earns Rs 35 less as profit.
The marked price of the cooler is…
Rs. 1,650
Rs. 1,625
Rs. 1,725
Rs. 1,750
Show Answer
Correct Answer is: Rs. 1,750
Explanation:
Let CP = C, MP = M, SP = S
Case1: SP = MP – Discount
S = M – 10% of M => M – M/10 = 9M/10 ----------(1)
Case 2: Profit reduces by Rs 35 on the same marked price, it means that the item has been sold for Rs 35 less than the SP in case 1.
S – 35 = M – 12% of M
S – 35 = M – 12M/100 => M – 3M/25
S – 35 = 22M/25 -----------(2)
Substituting S = 9M/10 from eqn (1) to eqn(2)
9M/10 – 35 = 22M/25
9M/10 – 22M/25 = 35
(45M – 44M)/50 = 35=> M = 50 x 35 = Rs 1750
A tradesman marks his goods at 25% above the cost price and allows purchasers a discount of 12 1/2%. His profit is….
8%
8.5%
8.625%
9.375%
Show Answer
Correct Answer is: 9.375%
Explanation:
Let CP = Rs 100
=> MP = 100 + 25% of 100 = 100 + 25 = Rs 125
SP = MP – Discount = 125 – 25/2% of 125
= 125 – 25/2 x 125/100
= 125 – 15.625 = 109.375
Profit% = (109.375 – 100)/100 x 100 = 9.375%
The cost of an article was Rs 75. The cost was first increased by 20% and later on it was reduced by 20%. The present cost of the article is….
Rs. 72
Rs. 60
Rs. 75
Rs. 90
Show Answer
Correct Answer is: Rs. 72
Explanation:
Initial Cost = Rs 75
Increased cost = 75 + 20% of 75 = 75 + 15 = Rs 90
Decreased Cost = 90 – 20% of 90 = 90 – 18 = Rs 72
An article is listed at Rs 920. A customer pays Rs 742.90 for it after getting two successive discounts. If the rate of first discount is 15%, the rate of 2nd discount is….
