A dealer fixed the price of an article 40 % a | vedclass

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

Question

(C) Let the cost of production $(C.P.)$ be $₹ 100$.Since the dealer fixed the price $40 \%$ above the cost of production,the marked price $(M.P.)$ is

Vedclass · Accepted Answer

$400$

Vedclass · Answer

(C) Let the cost of production $(C.P.)$ be $₹ 100$.Since the dealer fixed the price $40 \%$ above the cost of production,the marked price $(M.P.)$ is $100 + 40 = ₹ 140$.He allows a discount of $20 \%$ on the marked price,so the selling price $(S.P.)$ is $140 	imes (1 - 0.20) = 140 	imes 0.80 = ₹ 112$.The profit is calculated as $S.P. - C.P. = 112 - 100 = ₹ 12$.If the profit is $₹ 12$,the $C.P.$ is $₹ 100$.If the profit is $₹ 48$,the $C.P.$ is $\frac{100}{12} 	imes 48 = ₹ 400$.

$A$ dealer fixed the price of an article $40 \%$ above the cost of production. While selling it,he allows a discount of $20 \%$ and makes a profit of $Rs. 48$. The cost of production (in $Rs.$) of the article is:

Similar Questions

$A$ man sold a cow at a loss of $12 \%$. If he had sold it at a gain of $6 \%$,he would have received $₹ 72$ more. What was the cost price of the cow?

Suresh buys a camera for $Rs. 1800$ and sells it at $10 \%$ loss. Find out its selling price (in $Rs.$).

The cost price of an article is $64 \%$ of the marked price. The gain percentage after allowing a discount of $12 \%$ on the marked price is........$\%$

Ramesh purchased a bicycle for $Rs. 5200$ and spent $Rs. 800$ on its repairs. He had to sell it for $Rs. 5500$. Find out his profit or loss percent.

By selling $80$ ball pens for $₹ 140$,a retailer loses $30 \%$. How many ball pens should he sell for $₹ 104$ so as to make a profit of $30 \%$?

Vedclass Test Series

Exam Paper Generator

Online Exam Module