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Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?
- a)10% Profit
- b)15% Profit
- c)12% Loss
- d)18% Loss
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for...
As per the given data,
Let the cost price of the pen be Rs.x
⇒ Profit % = (SP - CP)/CP × 100
⇒ 20 = (36 - x)/x × 100
⇒ 20x = 3600 - 100x
⇒ 120x = 3600
⇒ x = 30
∴ Cost price of the pen is Rs.30
Also given that he sold the pen at Rs.33
By comparing with cost price of the pen Rs.30 with selling price of the pen Rs.33, we can say it as profit
⇒ Profit % = (33 - 30)/30 × 100 = 10 %
∴ Percentage of profit is 10%
Most Upvoted Answer
Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for...
To find the percentage of profit or loss, we need to compare the selling price with the cost price.
Let's assume the cost price of the pen is 'C'.
Given that Ritesh sold the pen for Rs. 36 with a profit of 20%.
So, the selling price (S) is Rs. 36.
We know that profit is calculated as the difference between the selling price and the cost price.
Profit = Selling Price - Cost Price
Profit = S - C
Profit = 36 - C
The problem states that the profit is 20% of the cost price.
So, we can write the profit as:
Profit = 20% of Cost Price
Profit = (20/100) * C
Equating the two expressions for profit, we get:
36 - C = (20/100) * C
Multiplying both sides by 100 to remove the fraction:
3600 - 100C = 20C
Adding 100C to both sides:
3600 = 120C
Dividing both sides by 120:
C = 3600/120
C = 30
So, the cost price of the pen is Rs. 30.
Now, let's find the percentage of profit or loss if the pen were sold for Rs. 33.
Let's assume the new selling price is 'S2' and the new profit or loss percentage is 'P2'.
Given that the new selling price (S2) is Rs. 33.
We need to find the new profit or loss percentage (P2).
Profit = Selling Price - Cost Price
Profit = S2 - C
Profit = 33 - 30
Profit = 3
Now, let's calculate the new profit percentage:
New Profit Percentage (P2) = (Profit/Cost Price) * 100
P2 = (3/30) * 100
P2 = 10%
Therefore, if the pen is sold for Rs. 33, the percentage of profit or loss is 10% profit.
Let's assume the cost price of the pen is 'C'.
Given that Ritesh sold the pen for Rs. 36 with a profit of 20%.
So, the selling price (S) is Rs. 36.
We know that profit is calculated as the difference between the selling price and the cost price.
Profit = Selling Price - Cost Price
Profit = S - C
Profit = 36 - C
The problem states that the profit is 20% of the cost price.
So, we can write the profit as:
Profit = 20% of Cost Price
Profit = (20/100) * C
Equating the two expressions for profit, we get:
36 - C = (20/100) * C
Multiplying both sides by 100 to remove the fraction:
3600 - 100C = 20C
Adding 100C to both sides:
3600 = 120C
Dividing both sides by 120:
C = 3600/120
C = 30
So, the cost price of the pen is Rs. 30.
Now, let's find the percentage of profit or loss if the pen were sold for Rs. 33.
Let's assume the new selling price is 'S2' and the new profit or loss percentage is 'P2'.
Given that the new selling price (S2) is Rs. 33.
We need to find the new profit or loss percentage (P2).
Profit = Selling Price - Cost Price
Profit = S2 - C
Profit = 33 - 30
Profit = 3
Now, let's calculate the new profit percentage:
New Profit Percentage (P2) = (Profit/Cost Price) * 100
P2 = (3/30) * 100
P2 = 10%
Therefore, if the pen is sold for Rs. 33, the percentage of profit or loss is 10% profit.
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Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?a)10% Profitb)15% Profitc)12% Lossd)18% LossCorrect answer is option 'A'. Can you explain this answer?
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Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?a)10% Profitb)15% Profitc)12% Lossd)18% LossCorrect answer is option 'A'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?a)10% Profitb)15% Profitc)12% Lossd)18% LossCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?a)10% Profitb)15% Profitc)12% Lossd)18% LossCorrect answer is option 'A'. Can you explain this answer?.
Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?a)10% Profitb)15% Profitc)12% Lossd)18% LossCorrect answer is option 'A'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?a)10% Profitb)15% Profitc)12% Lossd)18% LossCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?a)10% Profitb)15% Profitc)12% Lossd)18% LossCorrect answer is option 'A'. Can you explain this answer?.
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Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?a)10% Profitb)15% Profitc)12% Lossd)18% LossCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?a)10% Profitb)15% Profitc)12% Lossd)18% LossCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?a)10% Profitb)15% Profitc)12% Lossd)18% LossCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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