A dealer fixed price of an article 40 % above cost of production. While selling it he allows a disco

English

Gujarati

Hindi

7.Profit and Loss

medium

A dealer fixed the price of an article $40 \%$ above the cost of production. While selling it he allows a discount of $20 \%$ and makes a profit of $Rs.\, 48$. The cost of production (in $Rs.$) of the article is

A

$360$

B

$420$

C

$400$

D

$320$

Solution

Let $C.P. =₹ 100$

$\therefore M P .=₹ 140$

$S.P.$ $=\frac{140 \times 80}{100}=₹ 112$

Profit $=₹(112-100)=₹ 12$

When Profit $₹12$ then $C.P.$ $= ₹100$

When profit $₹48$ the $C.P.$ $=\frac{100}{12} \times 48=Rs. 400$

Standard 13

Quantitative Aptitude

Share

Similar Questions

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

easy

Find $SP$ when $CP = Rs.\; 80 .40, \operatorname{loss}=5 \% ?$

easy

A shopkeeper sold some article at the rate of $Rs.\, 35$ per article and earned profit of $40 \% .$ At what price each article should have been sold so that profit of $60 \%$ was earned. in$Rs.$

hard

The marked price of an article is $Rs.\, 5000.$ But due to a special festive offer a certain per cent of discount is declared. Mr. $X$ availed this opportunity and bought the article at reduced price. He then sold it at $Rs.\, 5000$ and thereby made a profit of $11 \frac{1}{9} \%$. The percentage of discount allowed was

medium

A shopkeeper professes to sell his goods at cost price but uses a $930$ $gm$ weight instead of $1$ kilogram weight. What will be the profit per cent of the shopkeeper?

hard