| 1. |
Sanny went shopping and buy an umbrella of Rs. 3000 and sold an umbrella to Rohit with after marking an umbrella 20% above the cost price then Rohit sold at Rs. 4000 to Sohan, then what will be the profit percentage of Rohit?1. 11.11%2. 12.5%3. 16.66%4. 20% |
|
Answer» Correct Answer - Option 1 : 11.11% Given: The cost price of an umbrella for Sanny = Rs. 3000 The selling price of Rohit = Rs. 4000 Formula used: Markup price = (cost price) × (100 + % above)/100 Profit = Selling price – Cost price Profit percentage = (Profit/cost price) × 100 Calculation: The cost price of Rohit = the markup price of an umbrella for Sanny ⇒ The cost price of Rohit = the cost price of an umbrella for Sanny × (100 + % above)/100 ⇒ The cost price of Rohit = 3000 × (100 + 20)/100 ⇒ The cost price of Rohit = 30 × 120 ⇒ The cost price of Rohit = Rs. 3600 Profit for Rohit = Selling price of an umbrella for Rohit – Cost price of an umbrella for Rohit ⇒ Profit for Rohit = 4000 – 3600 ⇒ Profit for Rohit = 400 The profit percentage of Rohit = (400/3600) × 100 ⇒ The profit percentage of Rohit = 100/9 ⇒ The profit percentage of Rohit = 11.11% ∴ The profit percentage of Rohit is 11.11%. |
|