Quant Exam > Quant Questions > An article is sold for rupees 400 in which th...
Start Learning for Free
An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the seller
- a)25% loss
- b)20% profit
- c)25% profit
- d)20% loss
- e)None of these
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
An article is sold for rupees 400 in which the seller fetches 25% prof...
400 = (125/100)*CP
CP = 320.
Selling price = 2400/6 = 400.
% profit = [(400 – 320)/320]*100 = 25
CP = 320.
Selling price = 2400/6 = 400.
% profit = [(400 – 320)/320]*100 = 25
Most Upvoted Answer
An article is sold for rupees 400 in which the seller fetches 25% prof...
Solution:
Let's break down the problem step by step:
1. Cost Price (CP) of the article:
The article is sold for rupees 400 and the seller fetches a 25% profit. Therefore, the cost price (CP) of the article can be calculated using the formula:
CP = Selling Price / (1 + Profit %)
CP = 400 / (1 + 25/100)
CP = 400 / (1 + 0.25)
CP = 400 / 1.25
CP = 320 rupees
2. Selling Price (SP) of 6 articles:
The selling price of 6 articles is given as rupees 2400. Therefore, the selling price (SP) of one article can be calculated by dividing the total selling price by the number of articles:
SP of one article = Total Selling Price / Number of Articles
SP of one article = 2400 / 6
SP of one article = 400 rupees
3. Profit or Loss per article:
To find the profit or loss per article, we need to calculate the difference between the selling price (SP) and the cost price (CP) of one article:
Profit or Loss per article = SP - CP
Profit or Loss per article = 400 - 320
Profit or Loss per article = 80 rupees
4. Profit or Loss percentage:
To calculate the profit or loss percentage, we need to calculate the profit or loss per article as a percentage of the cost price (CP) and then multiply it by 100:
Profit or Loss percentage = (Profit or Loss per article / CP) * 100
Profit or Loss percentage = (80 / 320) * 100
Profit or Loss percentage = 25%
Therefore, the answer is option C) 25% profit.
Let's break down the problem step by step:
1. Cost Price (CP) of the article:
The article is sold for rupees 400 and the seller fetches a 25% profit. Therefore, the cost price (CP) of the article can be calculated using the formula:
CP = Selling Price / (1 + Profit %)
CP = 400 / (1 + 25/100)
CP = 400 / (1 + 0.25)
CP = 400 / 1.25
CP = 320 rupees
2. Selling Price (SP) of 6 articles:
The selling price of 6 articles is given as rupees 2400. Therefore, the selling price (SP) of one article can be calculated by dividing the total selling price by the number of articles:
SP of one article = Total Selling Price / Number of Articles
SP of one article = 2400 / 6
SP of one article = 400 rupees
3. Profit or Loss per article:
To find the profit or loss per article, we need to calculate the difference between the selling price (SP) and the cost price (CP) of one article:
Profit or Loss per article = SP - CP
Profit or Loss per article = 400 - 320
Profit or Loss per article = 80 rupees
4. Profit or Loss percentage:
To calculate the profit or loss percentage, we need to calculate the profit or loss per article as a percentage of the cost price (CP) and then multiply it by 100:
Profit or Loss percentage = (Profit or Loss per article / CP) * 100
Profit or Loss percentage = (80 / 320) * 100
Profit or Loss percentage = 25%
Therefore, the answer is option C) 25% profit.
Free Test
FREE
| Start Free Test |
Community Answer
An article is sold for rupees 400 in which the seller fetches 25% prof...
400 = (125/100)*CP
CP = 320.
Selling price = 2400/6 = 400.
% profit = [(400 – 320)/320]*100 = 25
CP = 320.
Selling price = 2400/6 = 400.
% profit = [(400 – 320)/320]*100 = 25
|
Explore Courses for Quant exam
|
|
Similar Quant Doubts
An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer?
Question Description
An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer?.
An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer?.
Solutions for An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant.
Download more important topics, notes, lectures and mock test series for Quant Exam by signing up for free.
Here you can find the meaning of An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such articles are sold for rupees 2400, then the percent profit/loss incurred by the sellera)25% lossb)20% profitc)25% profitd)20% losse)None of theseCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Quant tests.
|
|
Explore Courses for Quant exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup