1. A dealer allows a discount of 16% to his customers and still gains 5%. Find the marked price of the table which costs him Rs.1200. 2. A shopkeeper allows 25% discount on the marked price of the sarees and still makes a profit of 20%. If he gains Rs.225 over the sale of one saree, find the marked price of the saree. 3. By selling 42 oranges a person loses a sum equal to the selling price of 8 oranges. Find the loss per cent. 4. The marked price of a T.V is re 32500. After allowing a 20% Diwali discount to the customer, a shopkeeper still makes a profit of 30%. Find the cost price of the T.V. 5. A mobile phone is sold for re 3120 at a lose of 4%. What will be the gain or loss percent, if it is sold for rs.3640? Need well explained answer, spam answers will be deleted
Answers
Question 1.
A dealer allows a discount of 16% to his customers and still gains 5%. Find the marked price of the table which costs him Rs.1200.
SOLUTION:
Cost Price(C.P) of the table = Rs 1200 (given)
Profit % = 5% (given)
Now,
We can find the profit by the formula
So,
Profit = Rs 60
And now, we can get the value of the Selling Price
Selling Price(S.P) = Cost price(C.P) + Profit
= 1200 + 60
= Rs 1260
Also,
Discount % = 16% (given)
The formula to find Marked Price
M.P = Rs 1500
Hence,
The Marked price (M.P) of a table is Rs 1500.
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Question 2.
A shopkeeper allows a 25% discount on the marked price of the sarees and still makes a profit of 20%. If he gains Rs.225 over the sale of one saree, find the marked price of the saree.
SOLUTION:
Let us assume the Marked Price(M.P) of one saree be Rs 100
Given => Discount% = 25%
We can find the Discount by the formula,
So, Discount = Rs 25
Therefore,
The Selling Price of one saree will be
= Marked Price(M.P) - Discount
= 100 - 25
= Rs 75
Also given, Profit% = 20%
So,
Cost Price(C.P) of one saree =
=
And,
Gain = S.P - C.P
= 75 - 62.50
= Rs 12.50
If the gain is Rs 12.50, then Marked price(M.P) = Rs 100
And,
If the gain is Rs 1 so the Marked Price(M.P) =
Also given that,
If he gains Rs 225, then the Marked Price(M.P)
=
= Rs 1800
Hence,
The Marked Price of a saree is Rs 1800.
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Question 3
By selling 42 oranges a person loses a sum equal to the selling price of 8 oranges. Find the loss percent.
SOLUTION:
let us assume the Seeling Price of one orange be Rs 1
Then
The Selling Price(S.P) of 42 oranges = Rs 1 × 42 = Rs 42
Given - Loss on 8 oranges
= Rs 1 × 8 = Rs 8
Hence,
Cost Price(C.P) of 42 oranges = S.P + Loss
= Rs 42 + Rs 8
= Rs 50
Now,
The formula for finding the loss%
Loss % = 16%
Hence,
The loss % is 16%
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Question 4.
The marked price of a T.V is rs 32500. After allowing a 20% Diwali discount to the customer, a shopkeeper still makes a profit of 30%. Find the cost price of the T.V.
SOLUTION:
Given:
The Marked Price(M.P) of the T.V = Rs 32500
Discount% = 20%
So,
Discount = = Rs 6500
So,
S.P of the T.V = M.P - Discount
S.P = 32500 - 6500 = Rs 26000
Given,
Profit % = 30%
So,
Hence,
The Cost Price(C.P) of the T.V is Rs 20000.
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Question 5
A mobile phone is sold for re 3120 at a loss of 4%. What will be the gain or loss percent, if it is sold for rs.3640?
SOLUTION:
Given,
Selling Price(S.P) = Rs 3120
Loss% = 4%
Now,
New S.P = 3640
And,
Gain = S.P - C.P
Gain = 3640 - 3250
Gain = Rs 390
Hence,
Gain % =
Gain % =
Gain % = 12%
Hence,
The gain % is 12%
Q.1↷
Given:-
- Cost price (CP) of the table = Rs.12000
- Profit% = 5%
Now,
We can find the profit by the formula.
so,
And now, we can get the value of the selling price.
Selling price(SP) = Cost Price(CP) + Profit
= 1200+60
= 1260
Also,
Discount % = 16% (given)
Formula to find Market Price
Hence,
The Market Price (M.P) of the table is Rs.1500
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Q.2↷
Let us assume the Market Price (M.P) of one saree be Rs.100
Given:-
Discount% = 25%
We can find the discount by this formula
So, Discount = Rs.25
Therefore
The selling price of one saree will be
- Market price - Discount
- 100 - 25
- 75
Also given, profit% = 20%
Cost Price of one saree
And gain = Sp - Cp
= 75 - 62.50
= Rs.12.50
Now,
if the gain is Rs.12.50, Then Market price = Rs.100
And,
If the gain is Rs.1 so, The Market Price
Also given that
If the gains Rs.225 , Then the Market price
Rs.1800
Hence,
The Market price of the saree is Rs.1800
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Q.3↷
Let us assume the selling price of one orange be Rs.1
Then, the selling price of 42 oranges =
= Rs.1 × 42 = Rs.42
Given:-
Loss on 8 oranges
= Rs.1 × 8 = Rs.8
Hence,
Cost price of 42 oranges = S.P + Loss
= Rs.42 + Rs.8
= Rs.50
Now,
The formula for finding the loss%
Loss% = 16%
Hence, The loss% is 16%
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Q.4↷
Given:-
The market price of the T.V = Rs.32500
Discount% = 16%
so,
So,
S.P of the T.V = M.P - Discount
Sp = 32500 - 6500 = Rs.26000
Given:-
Profit% = 30%
so,
Hence, The cp of the T.V is Rs.20000
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Q.5↷
Given:-
- sp = Rs.3120
- Loss% = 4%
Now,
New sp = 3640
And,
Gain = S.P - C.P
Gain= 3640 - 3250
Gain = Rs.390
Hence,
Gain% = Gain/C.P×100
Gain% = 390/3250×100
Gain% = 12%
Hence,
The gain% = 12%
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