﻿ A trader allows a trade discount of 20% and a cash discount of  on the marked price of the goods and gets a net gain of 20% of the cost. By how much above the cost should the goods be marked for the sale? from Quantitative Aptitude Profit and Loss

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# Profit and Loss

#### Multiple Choice Questions

101.

A sells an article to B for Rs. 45000 losing 10% in the transaction. B sells it to C to a price which would have given a profit of 10% to A. By what percent does B gain?

C.

A'S C.P.

As B sells  to C at 10% profit on A's CP
∴  B'S S.P.

B's C.P. = A'S S.P. = ₹ 45000
∴  B'S Profit per cent

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102.

A man had a certain amount with him. He spent 20% of that to buy an article and 5% of the remaining on transport. Then he gifted ₹ 120. If he is left with ₹ 1,400, the amount he spent on transport is

• ₹ 76

• ₹ 61

• ₹ 95

• ₹ 80

D.

₹ 80

Let a man had ₹ x in the initial.
Now, according to the question,

∴  Expenditure on transport

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103.

Tarun bought a T.V. with 20% discount on the labelled price. Had he bought it with 25% discount, he would have saved ₹ 500. At what price did he buy the T.V.?

• ₹ 7,500

• ₹ 8,500

• ₹ 8,000

• ₹ 7,400

C.

₹ 8,000

Shortcut Method:
(25% - 20%) x Labelled Price = ₹ 500

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104.

A shopkeeper sells sugar in such a way that the selling price of 950g of sugar is the same as the cost price of 1 kg of sugar. What is his gain percent?

• 5

A.

Required profit per cent

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105.

A sells an article to B making a profit of  of his outlay, B sells it to C, gaining 20%. If C sells it for ₹ 600 and incurs a loss of  of his outlay, the cost price of A is

• ₹ 600

• ₹ 500

• ₹ 720

• ₹ 800

B.

₹ 500

Selling for C = ₹ 600
Cost price for C
CP - S.P. =

Cost price for C equals to selling price for B.
∴  Selling price for B = ₹ 720
Gain  = 20%
Cost price for B

Cost price for B equals to the Selling price for A.
∴  Selling price for A = ₹ 600
Cost price for A
S.P. - C.P. =

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106.

A sells an article to B at 15% profit. B sells it to C at 10% loss. If C pays Rs. 517.50 for it then A purchased it at

• Rs. 500

• Rs. 750

• Rs. 1000

• Rs. 1250

A.

Rs. 500

Shortcut Method:
If an article is old to B at x% profit/loss and B sells the same to C at y% profit loss. then A's CP.equals

∴ Required solution

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# 107.A trader allows a trade discount of 20% and a cash discount of  on the marked price of the goods and gets a net gain of 20% of the cost. By how much above the cost should the goods be marked for the sale? 40% 50% 60% 70%

C.

60%

Let the C.P. of article  = ₹ 100
Marked price  = ₹ x.
Single equivalent discount

Required percentage

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108.

A fan in a shop is offered at a discount of 10%. It is sold during clearance sale at 6% discount over the already discounted price at ₹ 846. The original marked price of the fan is

• ₹ 1000

• ₹ 946

• ₹ 850

• ₹ 896

A.

₹ 1000

Required M.P.

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109.

A person bought a horse and a carriage for Rs. 20000. Later, he sold the horse at 20% profit and the carriage at 10% loss. Thus, he gained 2% in the whole transaction. The cost price of the horse was

• Rs. 7200

• Rs. 7500

• Rs. 8000

• Rs. 9000

C.

Rs. 8000

Overall gain - 2%
Profit percent on horse  = 20%
Loss percent on carriage  = 10%
Required ratio  = (2-(-10)) : (20 - 2) = 12 : 18 = 2 : 3
∴  The cost price of the horse was

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110.

The cost price of an article is 80% of its marked price for sale. How much per cent does the tradesman gain after allowing a discount of 12%?

• 20

• 12

• 10

• 8

C.

10

Let the marked price of the article  = Rs. 100
∴   C.P. of an article  =  Rs. 80
Discount  = 12%
∴  S.P. of an article  = (100 - 12% of 100) = 100 - 12 = Rs. 88
Gain%=

267 Views