A manufacturer sells to a wholesaler at a 25% profit. The wholesaler sells to a retailer at a 20% profit. The retailer sells to a customer at a 15% profit for Rs. 1380. If the manufacturer's total cost includes a 25% packaging charge on the base item cost, what is the base item cost? MCQ with Answer and Explanation
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Question #1
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A dishonest dealer professes to sell his goods at cost price, but uses a 750 gram weight for 1 kg. Find his gain percentage.
Correct Answer: Option D
Explanation:
Goods given = 750g. Goods charged for = 1000g. Gain = 250g. Gain percentage = (250 / 750) * 100 = 33.33%.
Goods given = 750g. Goods charged for = 1000g. Gain = 250g. Gain percentage = (250 / 750) * 100 = 33.33%.
This question belongs to:
Maths
Profit And Loss
Question #2
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If the selling price of an article is increased by 20%, the profit becomes three times the original profit. What was the original profit percentage?
Correct Answer: Option C
Explanation:
Let Cost Price = 100 and initial Selling Price = x. Initial profit = x - 100. New Selling Price = 1.20x. New profit = 1.20x - 100. 1.20x - 100 = 3 * (x - 100). 1.20x - 100 = 3x - 300. 1.8x = 200. x = 111.11. Original profit = 11.11. Profit percentage = 11.11%.
Let Cost Price = 100 and initial Selling Price = x. Initial profit = x - 100. New Selling Price = 1.20x. New profit = 1.20x - 100. 1.20x - 100 = 3 * (x - 100). 1.20x - 100 = 3x - 300. 1.8x = 200. x = 111.11. Original profit = 11.11. Profit percentage = 11.11%.
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Maths
Profit And Loss
Question #3
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By selling 12 items for Rs. 60, a man loses 25%. How many items must he sell for Rs. 100 to gain 25%?
Correct Answer: Option B
Explanation:
Selling Price of 12 items = 60. Selling Price of 1 item = 5. Cost Price of 1 item = 5 / 0.75 = 20 / 3. Desired Selling Price for 25% profit = (20 / 3) * 1.25 = 25 / 3. Number of items for Rs. 100 = 100 / (25 / 3) = 12 items.
Selling Price of 12 items = 60. Selling Price of 1 item = 5. Cost Price of 1 item = 5 / 0.75 = 20 / 3. Desired Selling Price for 25% profit = (20 / 3) * 1.25 = 25 / 3. Number of items for Rs. 100 = 100 / (25 / 3) = 12 items.
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Maths
Profit And Loss
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