Question : Arun brought 50 kg of rice at a discount of 15% on the marked price. For purchasing bulk quantity, he was given 5 kg of wheat (the marked price of which was 60% of the marked price of rice) free of cost. Had the retailer sold both items at their marked price to his other customers, then approximately what would be the profit percentage that the shopkeeper could earn?
Option 1: 24.7%
Option 2: 25.2%
Option 3: 22.8%
Option 4: 23.5%
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 24.7%
Solution : Let the cost of rice be Rs.$\ x$ per kg. Price of 50 kg rice = Rs.$\ 50x$ But he bought it at a discount of 15%. Cost price of rice for Arun $= 50x\times\frac{85}{100} =42.5x$ The price of 5 kg wheat = 60% of the marked price of rice $=5\times\frac{60}{100}x=3x$ The wheat is free for Arun. Total cost price $= 42.5x$ Selling price of 5 kg wheat $= 3x$ Selling price of rice and wheat $=50x +3x = 53x$ Profit gained by him = $\frac{\text{Selling Price - Cost Price}}{\text{Cost Price}}\times100$ = $\frac{53x-42.5x}{42.5x}\times100$ = $\frac{10.5x}{42.5x}\times100$ = $24.7\%$ Hence, the correct answer is 24.7%.
Candidates can download this e-book to give a boost to thier preparation.
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Question : The marked price of 85 items was equal to the cost price of 153 items. The selling price of 104 items was equal to the marked price of 65 items. Calculate the percentage profit or loss from the sale of each item.
Question : Ritika purchased 'x' kg wheat at Rs. 30/kg and sold 8 kg of this at Rs. 'x' per kg and remaining at Rs. 45/kg. The overall profit percentage earned is 10%, then what quantity of wheat does Ritika sell at Rs. 45/kg?
Question : How many kilograms of rice costing INR 52 per kg must be mixed with 35 kg of rice costing INR 45 per kg to get a gain of 10% by selling the resulting mixture of rice at the rate of INR 55 per kg?
Question : If a retailer offers a discount of 32% on the marked price of his goods and thus ends up selling at cost price, what was the percentage markup price?
Question : A retailer buys 50 pens at the marked price of 44 pens. If he sells these pens at a discount of 1% on the marked price, what is the profit percentage?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile