Question : A man sold 250 chairs and had a gain equal to the selling price of 50 chairs. His profit percent is:
Option 1: 20%
Option 2:
25%
Option 3:
50%
Option 4:
15%
Correct Answer:
Solution : Here, SP is the selling price and CP is the cost price. We know that, Gain = SP – CP SP of 250 chairs – CP of 250 chairs = SP of 50 chairs ⇒ SP of 200 chairs = CP of 250 chairs Gain = 250 – 200 = 50 $\therefore$ Profit percentage $=\frac{\text{Gain}}{\text{Cost price}}×100= \frac{50}{200}×100= 25\%$ Hence, the correct answer is 25%.
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Question : If the ratio of cost price and the selling price is 5 : 6, then the gain percent is:
Option 1: $20\%$
$33\frac{1}{3}\%$
$25\%$
$30\%$
Question : A shopkeeper marked the selling price of his goods in such a way that after giving a discount of 10% he gains 17%. How much percent above the cost price is the marked price?
Option 1: 36%
27%
30%
40%
Question : A balance of a trader weighs 20% less than it should be. Still, the trader marked up his goods to get an overall profit of 35%. What is the mark-up on the cost price?
Option 1: 7%
8%
9%
8.5%
Question : The cost price of a chair is 25% less than the cost price of a table. If a man sells 5 chairs at the cost price of 7 tables, what is his profit percentage?
Option 1: 33.33
Option 2: 45
Option 3: 86.66
Option 4: 96
Question : If the selling price of 50 articles is equal to the cost price of 42 articles, then what is the approximate loss or profit percentage?
Option 1: 8% profit
Option 2: 16% loss
Option 3: 10% loss
Option 4: 20% profit
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