A garment company declared 14 % discount for wholesale buyers. Mr. Swami bought garments from compan

English

Gujarati

Hindi

7.Profit and Loss

medium

A garment company declared $14 \%$ discount for wholesale buyers. Mr. Swami bought garments from the company for $Rs.$ $860$ after getting discount. He fixed up the selling price of garments in such a way that he earned a profit of $6 \%$ on original company price. What is the? approximate total selling price? (in $Rs.$)

A

$1060$

B

$1160$

C

$960$

D

Cannot be determined

Solution

The original company price $=$ $Rs.$ $\left[\frac{\operatorname{SP} \times 100}{(100- D ) \%}\right]$

$=$ Rs. $\left[\frac{860 \times 100}{(100-14) \%}\right]=$ $Rs. 1000$

Let the total $SP$ be Rs. $q$

Now according to equation:

$=\frac{S P-C P}{C P} \times 100=($ profit $) \%$

$\Rightarrow \frac{ q -1000}{1000} \times 100=6 \Rightarrow q = Rs .1060$

Standard 13

Quantitative Aptitude

Share

Similar Questions

Ravipurchases $90$ pens and sells $40$ pens at a gain of $10 \%$ and $50$ pens at a gain of $20 \% .$ Had he sold all of them at a uniform profit of $15 \%$ he would have got $Rs.\, 40$ less. Find the cost price of each pen in $Rs.$

hard

A men gains $20 \%$ by selling an article for a certain price. If he sells it at double the price, what will be the percentage of profit?

medium

A cab driver makes a profit of $20 \%$ on every trip when he carries $3$ passengers and the price of petrol is $Rs.\,30$ a litre. Find the percentage profit for the same journey if he goes with four passengers per trip and the price of petrol reduces to $Rs.\, 24$ a litre? (in $\%$)

(Assume that revenue per passenger is the same in both the cases.)

hard

A shopkeeper sells a badminton racket, whose marked price is $Rs.\, 30$, at a discount of $15 \%$ and gives a shuttle cock costing $Rs.$ $1.50$ free with each racket. Even then he makes a profit of $20\%.$ His cost price per racket is (in $Rs$)

medium

A man gains $15 \%$ by selling a calculator for a certain price. If he sells it at the triple the price, then what will be the profit percentage?

hard