1). Rs. 13,5502). Rs. 12,4503). Rs. 11,2004). Rs. 12,000

1.	1). Rs. 13,5502). Rs. 12,4503). Rs. 11,2004). Rs. 12,000
Answer» Let cost price of the ARTICLE be Rs. ‘x’, then, Selling price in first case = x – x × (5.5/100) When scooter is sold at Rs. 1000 more, then, Selling price in second case = x – x × (5.5/100) + 1000 {which gives a profit of 4.5%} Hence, $(x - \FRAC{{5.5}}{{100}}x\; + \;1000\; = \;x\; + \;\frac{{4.5}}{{100}}x)$ ⇒ 1000 = (10/100)x ⇒ x = Rs. 10,000 = Cost price of the article. Now, to GAIN a profit of 12%, Selling price of the article = Rs. {10000 × 112/100} = Rs. 11,200 Hence, the REQUIRED selling price of the article is Rs. 11,200. Alternate Method (Short TRICK): (5.5% + 4.5%) of CP = 1000 ⇒ 10% of CP = 1000 ⇒ CP = Rs. 10,000 Required selling price to gain 12% = Rs (10000 × 112/100) = Rs. 11,200.

Answer»

Let cost price of the ARTICLE be Rs. ‘x’, then,

Selling price in first case = x – x × (5.5/100)

When scooter is sold at Rs. 1000 more, then,

Selling price in second case = x – x × (5.5/100) + 1000 {which gives a profit of 4.5%}

Hence,

$(x - \FRAC{{5.5}}{{100}}x\; + \;1000\; = \;x\; + \;\frac{{4.5}}{{100}}x)$

⇒ 1000 = (10/100)x

⇒ x = Rs. 10,000 = Cost price of the article.

Now, to GAIN a profit of 12%,

Selling price of the article = Rs. {10000 × 112/100} = Rs. 11,200

Hence, the REQUIRED selling price of the article is Rs. 11,200.

Alternate Method (Short TRICK):

(5.5% + 4.5%) of CP = 1000

⇒ 10% of CP = 1000

⇒ CP = Rs. 10,000

Required selling price to gain 12% = Rs (10000 × 112/100) = Rs. 11,200.

Discussion

No Comment Found

Related InterviewSolutions

1). 152). 103). 54). 20
A furniture shop sold a set of cupboard for successive discount of 10% & 15%. In addition selected lucky customers got additional discount of 5%. Find the resultant discount for lucky customer.1). 22.525%2). 25.625%3). 27.325%4). 32.825%
A man sold 200 chairs and had a gain equal to selling price of 40 chairs. What is his profit percentage? 1). 202). 253). 104). 15
Rs. 3,000 is divided among A, B and C, so that A receives 1/3 as much as B and C together receive and B receives 2/3 as much as A and C together receive. Then share of C is1). Rs. 5252). Rs. 1,6253). Rs. 1,0504). Rs. 600
A person bought two chairs for Rs. 2,400 and sold the first at a profit of 25% and second at a loss of 10%. If he sold the first at 20% loss and second at 30% profit, he would get Rs. 300 more. The difference of the cost price of the chairs was1). Rs. 8482). Rs. 8603). Rs. 8424). Rs. 852
The marked price of a door is Rs. 1400. It is sold at a discount of 28%. If the cost price of the door is Rs. 700, then what is the proﬁt (in Rs.)?1). 3402). 4283). 3084). 368
Atul bought an article, paying 5% less than the original price and sold it with 20% profit on the price he had paid. What percent of profit did he earn on the original price?1). 10%2). 13%3). 14%4). 17%
1). 8502). 7253). 7504). 1200
Jugnu, a dishonest milk seller has certain quantity of milk to sell. Find the approximate ratio he should mix water to gain 5% by selling the mixture at the cost price?1). 1 : 102). 1 : 53). 1 : 254). 1 : 20
A piece of land came to a person through three middlemen each gaining 20%. If the person purchased the land for Rs 345600, the original cost of the land is:1). 1000002). 1500003). 1758004). 200000