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In order to maintain the price line, a trader allows a discount of 20% on the marked price of goods in his shop. However, he still makes a gross profit of 12% on the cost price. Find the profit percent he would have made on the selling price had he sold at the marked price.

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Important Questions on Profit & Loss

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A whole seller allows a discount of 25% on the list price to a retailer. The retailer sells at the 10% discount on the list price. If the customer paid 54 for an article, what is the profit by the retailer?
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A whole-seller allows a discount of 25% on the list price to a retailer. The retailer sells at 10% discount on the list price. If the customer paid 54 for an article, find the retailer’s percentage profit on his cost giving your answer correct to two decimal places.
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The cost of production of a cordless phone set in 2016 is 1100, divided between material, labour and overheads in the ratio 4:5:2. If subsequently in 2017, the cost of material, labour and overheads increased by 20%, 30% and 10% respectively, calculate the cost of man­ufacturing in 2017.
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The cost of production of a cordless phone set in 2016 is 1100, divided between material, labour and overheads in the ratio 4:5:2. If the cordless phone set is marked at a price that gives a 10% profit on the component of price accounted for by labour, If the cordless phone set is marked at a price that gives a 10% profit on the component of price accounted for by labour, what is the marked price of the set?
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By selling a casserole for 820, a man incurs a loss of 18%. At what price should he sell the casserole to gain 28%?
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A man sells 5 articles for 15 and makes a profit of 20%. Find his gain or loss percent if he sells 8 such articles for 18.40.
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The cost price of 40 Oranges is equal to the selling price of 30 Oranges. Find the percentage profit.
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P owns a house worth 20,000. He sells it to Q at a profit of 25%. After some time, Q sells it back to P at 25% loss. Find P's loss or gain percent.