Free
CT : GK (Ancient History)
10 Questions 10 Marks 6 Mins
Let the selling price be 100x
⇒ Profit = 20% of the selling price
⇒ Profit = 20% × 100x = 20x
⇒ Cost price = selling price – Profit
⇒ Cost price = 100x – 20x = 80x
⇒ Profit% on the cost price = (profit/cost price) × 100
⇒ Profit% on the cost price = (20x/80x) × 100
⇒ Profit% on the cost price = 25%
∴ Profit% on the cost price is 25%.
Last updated on Oct 15, 2022
SSC MTS Final Answer Key has been released on 17th October 2022. This is with reference to the 2021 examination. Earlier, the SSC MTS Result was announced for Paper of the 2021 cycle was declared and the examination for the same was held from 5th July to 26th July 2022. The candidates who are qualified in the SSC MTS Paper I are eligible for the Paper II, the paper II will be held on 6th November 2022. A total of 7709 vacancies are released, out of which 3854 vacancies are for MTS Group age 18-25 years, 252 vacancies are for MTS Group age 18-27 years and 3603 vacancies are for Havaldar in CBIC.
Let's discuss the concepts related to Profit and Loss and Discount and MP. Explore more from Quantitative Aptitude here. Learn now!
Free
SSC GD Previous Paper 2 (Held On: 13 Feb 2019 Shift 1)_Hindi
100 Questions 100 Marks 90 Mins
Given:
P bought an article for Rs. 400 and sold it at a profit of 10%.
Selling price = Rs. 460
Formula used:
Profit = Selling price - Cost price
Profit% = (Profit/CP)× 100
Calculation:
Cost price = Rs. 400
If selling price = Rs. 460
Profit = Rs. 60
⇒ Profit % = 60/400 × 100 = 15%
Increase in profit % = 15% - 10% = 5%
∴ The increase profit % is 5%.
Stay updated with the Quantitative Aptitude questions & answers with Testbook. Know more about Profit and Loss and ace the concept of Successive Selling.
Given: cost price = Rs 400 and selling price = Rs 500
To find: We have to find the profit percentage.
Solution:
Given that:
Cost price (CP) = ₹ 400
Selling price (SP) = ₹ 500
Now,
Profit = SP $-$ CP
Profit = ₹ 500 $-$ ₹ 400
Profit = ₹ 100
So,
$ Profit\ \%\ =\ \frac{Profit}{CP} \ \times \ 100\ \ \%\ $
$ Profit\ \%\ =\ \frac{100}{400} \ \times \ 100\ \ \%\ $
$ Profit\ \%\ =\ \frac{1}{4} \ \times \ 100\ \ \%\ $
$Profit\ \%\ = 25\%$.
Related Test
|
Answers
Related A shopkeeper bought a watch for Rs.400 and sold it for Rs.500.What is his profit percentage?Correct answer is '25%'. Can you explain this answer?
Cost price (CP) =400Rs
Selling price(SP) =500Rs
find the percentage of profits =?
Formula:
% of profit = SP-CP/CP
= 500-400/400×100
=100/400×100
=
100/4
=25%
Answer is 25% profit
- Reply(2)
1 Crore+ students have signed up on EduRev. Have you?
Question Description
A shopkeeper bought a watch for Rs.400 and sold it for Rs.500.What is his
profit percentage?Correct answer is '25%'. Can you explain this answer? for Quant 2022 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A shopkeeper bought a watch for Rs.400 and sold it for Rs.500.What is his profit percentage?Correct answer is '25%'. Can you explain this answer? covers all topics & solutions for Quant 2022 Exam. Find important definitions, questions, meanings, examples, exercises and tests
below for A shopkeeper bought a watch for Rs.400 and sold it for Rs.500.What is his profit percentage?Correct answer is '25%'. Can you explain this answer?.
Solutions for A shopkeeper bought a watch for Rs.400 and sold it for Rs.500.What is his profit percentage?Correct answer is '25%'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant. Download more important topics, notes, lectures and mock test series for Quant Exam by signing up for free.
Here you can find the meaning of A shopkeeper bought a watch for Rs.400 and sold it for Rs.500.What is his profit percentage?Correct answer is '25%'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A shopkeeper bought a watch for Rs.400 and sold it for Rs.500.What is his profit percentage?Correct answer is '25%'. Can you explain this answer?, a detailed solution for A shopkeeper bought a watch for Rs.400 and sold it for Rs.500.What is his profit percentage?Correct answer is '25%'. Can you explain this answer? has been provided alongside types of A shopkeeper bought a watch for Rs.400 and sold it for Rs.500.What is his profit percentage?Correct answer is '25%'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A shopkeeper bought a watch for Rs.400 and sold it for Rs.500.What is his profit percentage?Correct answer is '25%'. Can you explain this answer? tests, examples and also practice Quant tests.
Cost price (CP) =400RsSelling price(SP) =500Rsfind the percentage of profits =? Formula:% of profit = SP-CP/CP= 500-400/400×100=100/400×100= 100/4=25%Answer is 25% profit