Advertisements
Advertisements
Question
Akhil sells a painting worth Rs. 50000 to B at a profit of 15%. After some time B sells it back to Akhil at a loss of 15%. Find Akhil's loss or gain per cent overall.
Solution
C.P. of the painting for Akhil = Rs.50000
Profit = 15%
∴ Profit = 15% of Rs.50000
= `(15)/(100) xx 50000`
= Rs.7500
S.P. = C.P. + Profit
=Rs.(50000 + 7500)
= Rs.57500
C.P. of the painting for B = Rs.57500
Loss = 15%
∴ Loss = 15% of Rs.57500
= `(15)/(100) xx 57500`
= Rs.8625
S.P. = C.P. - Loss
= Rs.(57500 - 8625)
= Rs.48875
Total gain made by Akhil
= Rs.[7500 + (50000 - 48875]
= Rs.8625
Gain % in the second transaction
= `"Gain"/"OP" xx 100`
= `(8625)/(50000) xx 100`
= 17.25%.
APPEARS IN
RELATED QUESTIONS
Tell what is the profit or loss in the following transaction. Also find profit percent or loss percent in given case.
Gardening shears bought for ₹ 250 and sold for ₹ 325.
Tell what is the profit or loss in the following transaction. Also find profit percent or loss percent in given case.
A refrigerator bought for ₹ 12,000 and sold at ₹ 13,500.
Amita purchased a handbag for Rs.3000 and sold it at 20% above the cost price. If Rs. 360 is paid as tax on it, find her net profit and profit percentage.
By selling a cupboard for Rs.6480, a merchant loses 10%. Calculate his loss if he sells it for Rs.7560.
By selling 12 glasses for Rs.600 a shopkeeper makes a profit of 25%. Find his profit or loss percent when he sells 15 glasses for Rs.540.
A manufacture makes a profit of 30% by selling a colour T.V. for Rs.15730. If the cost of manufacturing increases by 30% and the selling price is increased by 20%, find the profit percent made by the manufacture.
A milkman purchases milk at the rate of rs. 14 per litre and then mixes 40% water to it. Find the profit per cent, if he sells the mixture at Rs. 6 per litre.
Rohit purchased a TV for Rs.15,000 and sold it at 20% above the cost price. If the selling price includes Rs. 1000 as tax, find his net profit and profit percent.
Ramrao bought a cupboard for Rs 4500 and sold it for Rs 4950. Shamrao bought a sewing machine for Rs 3500 and sold it for Rs 3920. Whose transaction was more profitable?
Joseph bought a machine for Rs. 23500. He paid Rs. 1200 for transport and Rs. 300 as tax. If he sold it to a customer for Rs. 24250, what was his percent profit or loss?
