Question : By selling 24 items, a shopkeeper gains the selling price of 4 items. His gain percentage is:
Option 1: $16 \frac{1}{3} \%$
Option 2: $20 \%$
Option 3: $33 \frac{1}{3} \%$
Option 4: $16 \frac{2}{3} \%$
Correct Answer: $20 \%$
Solution : The profit made by the shopkeeper is the selling price of 4 items. If the shopkeeper sells 24 items, the profit is $\frac{4}{24} = \frac{1}{6}$ of the total selling price. This means the cost price is $1 - \frac{1}{6} = \frac{5}{6}$ of the total selling price. So, the gain percentage $=\frac{\frac{1}{6}}{\frac{5}{6}} \times 100 = 20\%$ Hence, the correct answer is $20\%$.
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Question : If the selling price of 318 articles is equal to the cost price of 212 articles, then what is the loss percentage?
Question : The profit obtained on selling an article for Rs. 310 is equal to the loss incurred on selling that article for Rs. 230. What will be the loss percentage when the selling price is Rs. 180?
Question : By selling 42 m of cloth, Vijay gains the selling price of 7 m of cloth. Find the profit percentage.
Question : A shopkeeper increases the selling price of an article by 15%. After increasing the selling price, he noticed that the profit percentage changed from 5% to 15%. The percentage increase in the cost price is:
Question : Find the HCF of $\frac{11}{25}, \frac{9}{20}, \frac{16}{15}$, and $\frac{10}{33}$.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile