In order to maintain the price line, a trader allows a discount of 10% on the marked price of goods in his shop. However, he still makes a gross profit of 17% on the cost price. Find the profit per cent he would have made on the selling price he sold at the marked price.

1.  23.07%

2.  30%

3.  21.21%

4.  25%

5.  40%

View Answer  
5
Correct Answer :

23.07\%


Explanation :
No Explanation available for this question

If the UK pound becomes cheap by 15% over its original cost and the cost of German mark increased by 20%, what will be the gain if the selling price is not altered.

1.  10%

2.  20%

3.  25%

4.  7.5%

View Answer  
4
Correct Answer :

25\%


Explanation :
No Explanation available for this question

A whole-seller allows a discount of 20% on the list price to a retailer. The retailer sells at 5% discount on the list price. If the customer paid Rs. 38 for an article what profit is made by the retailer

1.  Rs. 10

2.  Rs. 8

3.  Rs. 6

4.  Rs. 12

5.  None of these.

View Answer  
5
Correct Answer :

Rs. 6


Explanation :
No Explanation available for this question

In question, 23, find also the retailer’s percentage profit on his cost-giving your answer correct to two decimal places.

1.  12.5%

2.  16.66%

3.  18.75%

4.  20%

5.   25%

View Answer  
5
Correct Answer :

18.75\%


Explanation :
No Explanation available for this question

The cost of production of a cordless phone set in 2006 is Rs. 900, divided between material, labour and overheads in the ratio 3 : 4 : 2. If the cordless phone set is marked at a price that gives a 20% profit on the component of price accounted for by labour, what is the marked price of the set

1.  Rs. 980

2.  Rs. 1080

3.  Rs. 960

4.  Rs. 1020

5.  None of these

View Answer  
5
Correct Answer :

Rs. 980


Explanation :
No Explanation available for this question

If subsequently in 2007, the cost of material, labour and overheads increased by 20%, 30% and 10% respectively, calculate the cost of manufacturing in 2007.

1.  Rs. 1150

2.  Rs. 1050

3.  Rs. 1080

4.  Rs. 1100

View Answer  
4
Correct Answer :

Rs. 1100


Explanation :
No Explanation available for this question

What should be the new marked price if the criteria for profit is to remain the same as for question 25 above

1.  Rs. 1320

2.  Rs. 1204

3.  Rs. 1244

4.  None of these

View Answer  
4
Correct Answer :

Rs. 1204


Explanation :
No Explanation available for this question

By selling a casserole for Rs. 960, a man incurs a loss of 4%. At what price should he sell the casserole to gain 16%

1.  Rs. 1160

2.  Rs. 1080

3.  Rs. 1120

4.  None of these

View Answer  
4
Correct Answer :

Rs. 1160


Explanation :
No Explanation available for this question

A college has raised 80% of the amount it needs for a new building by receiving an average donation of Rs. 800 from the people already solicited, The people already solicited represent 50%, of the people, the college will ask for donations. If the college is to raise exactly the amount needed for the new building, what should be the average donation from the  remaining people to be solicited

1.  300

2.  200

3.  400

4.  500

View Answer  
4
Correct Answer :

200


Explanation :
No Explanation available for this question

A man sells 5 articles for Rs. 15 and makes a profit of 20%. Find his gain or loss percent if he sells 8 such articles for Rs. 18.40.

1.  2.22% profit

2.  2.22% loss

3.  8% loss

4.  8% profit

View Answer  
4
Correct Answer :

8\% loss


Explanation :
No Explanation available for this question
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