A trader marked his goods at 20 % above the c | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(A) Let the total quantity of goods be $4$ units and the cost price $(CP)$ of each unit be $Rs. 100$. Total $CP = 4 	imes 100 = Rs. 400$. Marked Pric

Vedclass · Accepted Answer

$2$

Vedclass · Answer

(A) Let the total quantity of goods be $4$ units and the cost price $(CP)$ of each unit be $Rs. 100$. Total $CP = 4 	imes 100 = Rs. 400$. Marked Price $(MP)$ per unit $= 100 + 20\% 	ext{ of } 100 = Rs. 120$. Total $MP$ for $4$ units $= 4 	imes 120 = Rs. 480$. Now,the trader sells the stock as follows: $1$. Half the stock ($2$ units) at $MP$: $2 	imes 120 = Rs. 240$. $2$. One quarter ($1$ unit) at $20\%$ discount on $MP$: $120 - 20\% 	ext{ of } 120 = 120 - 24 = Rs. 96$. $3$. The rest ($1$ unit) at $40\%$ discount on $MP$: $120 - 40\% 	ext{ of } 120 = 120 - 48 = Rs. 72$. Total Selling Price $(SP)$ $= 240 + 96 + 72 = Rs. 408$. Total Gain $= SP - CP = 408 - 400 = Rs. 8$. Gain percentage $= (	ext{Gain} / CP) 	imes 100 = (8 / 400) 	imes 100 = 2\%$.

$A$ trader marked his goods at $20 \%$ above the cost price. He sold half the stock at the marked price,one quarter at a discount of $20 \%$ on the marked price,and the rest at a discount of $40 \%$ on the marked price. What is his total gain percentage?

Similar Questions

$A$ merchant purchases a wrist watch for $₹ 450$ and fixes its list price in such a way that after allowing a discount of $10 \%$,he earns a profit of $20 \%$. Then the list price (in rupees) of the wrist watch is

$A$ man buys an article for $10 \%$ less than its value and sells it for $10 \%$ more than its value. His gain or loss percent is

The marked price of a piano was $Rs. 15,000$. At the time of sale,there were successive discounts of $20\%$,$10\%$,and $10\%$ on it. The sale price was (in $Rs.$)

Ram sold two horses at the same price. In one he gets a profit of $10 \%$ and in the other he gets a loss of $10 \%$. What is the overall result for Ram?

$A$ shopkeeper purchased a chair marked at $₹ 600$ at two successive discounts of $15 \%$ and $20 \%$. He spent $₹ 28$ on transportation and sold the chair for $₹ 545$. His gain percent was: (in $\%$)

Vedclass Test Series

Exam Paper Generator

Online Exam Module