Advertisements
Advertisements
Question
A cycle dealer offers a discount of 10% and still makes a profit of 26%. What is the actual cost to him of a cycle whose marked price is Rs 840?
Solution
\[\text { Given, } \]
\[\text { MP of the cycle = Rs } . 840 \]
\[\text { Discount = 10 % } \]
\[\text { So, SP = MP } \times \left( \frac{100 - \text { Discount % }}{100} \right)\]
\[ = 840 \times \left( \frac{100 - 10}{100} \right)\]
\[ = Rs . 756\]
\[\text { Now, SP = Rs . 756 and Gain = 26 % } \]
\[\text { So, CP }= \frac{100}{100 +\text { Gain % }} \times 756\]
\[ = \frac{100}{126} \times 756\]
\[ = Rs . 600\]
\[\text { Hence, the actual cost of the cycle is Rs } . 600 .\]
APPEARS IN
RELATED QUESTIONS
A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. If he sells the radio for Rs 300, determine his profit percent.
If the cost price of 18 chairs be equal to selling price of 16 chairs, find the gain or loss percent.
By selling 90 ball pens for Rs 160 a person loses 20%. How many ball pens should be sold for Rs 96 so as to have a profit of 20%?
A dealer bought two tables for Rs 3120. He sold one of them at a loss of 15% and other at a gain of 36%. Then, he found that each table was sold for the same price. Find the cost price of each table.
Rohit buys an item at 25% discount on the marked price. He sells it for Rs 660, making a profit of 10%. What is the marked price of the item?
Using the figures given below, frame problems based on profit percent or loss percent.
Cost price ₹ 2000, selling price ₹ 1900
In case of loss, `C.P. = (100 xx S.P.)/(100 + Loss%)`
Music CD originally priced at Rs 120 is on sale for 25% off. What is the S.P.?
Sonia and Rahul have different ways of calculating the sale price for the items they bought.
As you work on the next problem, try both of these methods to see which you prefer.
If 20 lemons are bought for ₹ 10 and sold at 5 for three rupees, then ______ in the transaction is ______ %.
Match the entries in Column I with the appropriate entries in Column II:
Column I | Column II |
(i) 3:5 | (A) ₹ 54 |
(ii) 2.5 | (B) ₹ 47 |
(iii) 100% | (C) ₹ 53 |
(iv) `2/3` | (D) ₹ 160 |
(v) `6 1/4%` | (E) 60% |
(vi) 12.5% | (F) 25% |
(vii) SP when CP = ₹ 50 and loss = 6 % | (G) `1/16` |
(viii) SP when CP = ₹ 50 and profit = ₹ 4 | (H) 250% |
(ix) Profit% when CP = ₹ 40 and SP = ₹ 50 | (I) ₹ 159 |
(x) Profit% when CP = ₹ 50 and SP = ₹ 60 | (J) `66 2/3%` |
(xi) Interest when principal = ₹ 800, Rate of interest = 10% per annum nd period = 2 years |
(K) 20% |
(xii) Amount when principal = ₹ 150, Rate of interest = 6% per annum and period = 1 year |
(L) 0.125 |
(M) 3:2 | |
(N) ₹ 164 | |
(O) 3:3 |