A dealer buys an article marked at Rs. 25,000 with 20% and 5% off. He spends Rs. 1,000 for its repairs and sells it for Rs. 25,000. What is his gain or loss per cent?
A. loss of 25% B. gain of 25% C. gain 10% D. loss of 10% Answer: Option BShow Answer
Solution(By Apex Team)
Marked Price = 25000.
After first discount it become,
= 25000 – 20% of 25000 = 20000.
After second discount, it becomes
= 20000 – 5% of 20000 = 19000.
So, SP = 19000.
CP for the man who bought it, as he spends 1000 on repair.
= 19000 + 1000 = 20000
Profit = 25000 – 20000 = 5000.
%Profit $=\frac{5000 \times 100}{20000}=25 \%
Short-Cut
25000(MP) == 20%(Disc.) ⇒ 20000 == 5%(disc.) ⇒19000(CP)
Spends on repair = Rs. 1000
Then, CP becomes = 19000 + 1000 = 20000
Profit = 5000
% profit $=\frac{5000 \times 100}{20000}=25 \%$
Related Questions on Profit and Loss
A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is:
A. 45 : 56B. 45 : 51
C. 47 : 56
D. 47 : 51
By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:
A. Rs. 2600B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:
A. A neither losses nor gainsB. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was.
A. Rs. 3,750B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250