Question : The cost prices of a table and a chair are INR 400 and 1,200, respectively. The table and the chair are sold at profits of 50% and 20%, respectively. What is the overall profit percentage gained from the two sales taken together?
Option 1: 24.5%
Option 2: 22.5%
Option 3: 27.5%
Option 4: 23.5%
New: SSC MTS 2024 Application Form OUT; Direct Link
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 27.5%
Solution : The cost prices of a table = INR 400 The cost prices of a chair = INR 1,200 Profit % or Loss % = $[\frac{(\text{Profit or Loss})}{\text{Cost Price}}] \times 100$ The first article sold at 50% profit Selling Price = 400 × 150% = 600 The second article sold at 20% profit Selling Price = 1200 × 120% = 1440 Total cost price = 400 + 1200 = 1600 Total selling price = 600 + 1440 = 2040 Profit = 2040 – 1600 = 440 Profit % = $\frac{440}{1600} \times 100 = 27.5\%$ Hence, the correct answer is 27.5%.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : The cost prices of a pen and a notebook are INR 600 and INR 4,000, respectively. If the pen and the notebook are sold at losses of 20% and 32%, respectively, what will be the approximate percentage of total loss incurred through the two sales made?
Question : The profit earned when a painting is sold for INR 1,200 is 15 times the loss incurred when it is sold for INR 240. At what price should the painting be sold to make a profit of 40%?
Question : Anusha purchased a television and a camera for INR 12,000 and INR 8,000, respectively. She sold the television at a loss of 10 percent, and the camera at a profit of 12 percent. What was her overall loss/profit?
Question : The cost price of a notebook is INR 120. It is sold at a profit of 40%. What is the nominal profit made on the sale of each notebook?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile