19 Views

Question : Sukhen purchased some perishable items for sale, but 15% of those items could not be sold and went bad. However, Sukhen managed to sell the rest of the items at a price that helped him earn an overall profit of 19%. At what percentage above the cost price of each item did Sukhen sell each of the items that did not go bad?

Option 1: 40%

Option 2: 42%

Option 3: 34%

Option 4: 36%


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: 40%


Solution : Let the cost of one item be Re. 1.
$\therefore$ Cost of 100 items will be Rs. 100.
As 15% of the items went bad,
Remaining items = 100 – 15 = 85
Overall profit = 19%
⇒ Selling price $= \frac{\text{Cost price}\times \text{Profit}\%}{100}+\text{Cost price}$
⇒ Selling price $= \frac{100\times19}{100}+100$
⇒ Selling price $= 19 +100$
⇒ Selling price $= 119$
Now, 85 items must be sold for Rs.119.
Profit = Selling price – Cost price $= 119 - 85 = 34$
$\therefore$ Profit % $= \frac{34}{85}\times 100 = 40$%
Hence, the correct answer is 40%.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books