A style cloth emporium the shopkeeper measures 20 less for every...

Home / Arithmetic Ability / Profit And Loss / Question

Examveda

A style cloth emporium the shopkeeper measures 20% less for every metre of cloth also he marks-up goods by 20%. What is the profit percentage?

A. 50%

B. 65%

C. 75%

D. 85%

Answer: Option A

Solution (By Examveda Team)

Let CP = Rs. 100, then SP will be 120.
He gives cloth worth Rs. 80 instead of Rs. 100.
Hence,
% Profit = $$ {\frac{{120 - 80}}{{80}}} \times 100 = 50\% $$

This Question Belongs to Arithmetic Ability >> Profit And Loss

Join The Discussion

Related Questions on Profit and Loss

A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is:

A. 45 : 56

B. 45 : 51

C. 47 : 56

D. 47 : 51

View Answer

By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:

A. Rs. 2600

B. Rs. 2700

C. Rs. 2800

D. Rs. 3000

View Answer

A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:

A. A neither losses nor gains

B. A makes a profit of 11%

C. A makes a profit of 20%

D. B loses 20%

View Answer

A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was:

A. Rs. 3,750

B. Rs. 3,250

C. Rs. 2,750

D. Rs. 2,250

View Answer