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%
Option 2:
8%
Option 3:
9%
Option 4:
8.5%
Correct Answer:
Solution : Let the cost price of 1000 gm be Rs. 100. The trader weighs 20% less than it should be. So, he gives 800 gm, which is worth the cost price of Rs. 80. He still earns an overall profit of 35%. So, marked price $=\frac{100+ \text{Profit}\%}{100}×$ cost price $=\frac{100+35}{100}×80=108$ $\therefore$ Mark-up on the cost price $=108-100=8\%$ Hence, the correct answer is 8%.
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
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?
Question : A man sold 250 chairs and had a gain equal to the selling price of 50 chairs. His profit percent is:
Question : If the ratio of cost price and the selling price is 5 : 6, then the gain percent is:
Question : A merchant marks up the price of his goods by 40% more than the cost price. He then sells $\frac{1}{5}$ th of his goods at a discount of 10%, half of the goods at the marked price and the rest of the goods at a discount of 20%. Find his profit percentage.
Question : A dealer sells his goods at a 10% loss on the cost price but uses 25% less weight. What is his profit percentage?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile