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Murali purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. Find out his profit percentage.
- a)3.5
- b)5.6
- c)4.1
- d)3.4
Correct answer is 'B'. Can you explain this answer?
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Verified Answer
Murali purchased 20 dozens of toys at the rate of Rs. 375 per dozen. H...
The cost price of 20 dozens of toys = 375*20 i.e per dozen 375= Rs 7500/-the selling price of one dozen toys = 12*33= Rs 396/-the selling price of 20 dozen toys = 396*20= Rs 7920/-gain=sp-cp = 7920-7500 =Rs.420/-gain%=(gain/cp)*100 = 420/7500*100 =5.6%
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Murali purchased 20 dozens of toys at the rate of Rs. 375 per dozen. H...
Given:
Price of car sold by E = Rs. 1,80,000
Discount offered by E:
- 5% on first Rs. 1,00,000
- 12.5% on remaining Rs. 80,000
Price of car sold by R = Rs. 1,80,000
To find:
The percent discount that R should offer on the marked price to be competitive with E's offer.
Solution:
Let's first calculate the discount offered by E:
Discount on first Rs. 1,00,000 = 5% of Rs. 1,00,000 = Rs. 5,000
Discount on remaining Rs. 80,000 = 12.5% of Rs. 80,000 = Rs. 10,000
Total discount offered by E = Rs. 5,000 + Rs. 10,000 = Rs. 15,000
Now, let's calculate the selling price of car sold by E after discount:
Selling price of car sold by E = Price of car - Discount offered
= Rs. 1,80,000 - Rs. 15,000
= Rs. 1,65,000
We know that the price of car sold by R is also Rs. 1,80,000.
To be competitive, R should offer the same selling price as E, i.e. Rs. 1,65,000.
Let 'x' be the percent discount that R should offer on the marked price to sell the car at Rs. 1,65,000.
Discount offered by R = x% of Rs. 1,80,000 = Rs. (x/100)*1,80,000
Marked price of car sold by R = Price of car - Discount offered
= Rs. 1,80,000 - Rs. (x/100)*1,80,000
= Rs. 1,80,000*(1 - x/100)
Since R is selling the car at Rs. 1,65,000, we can equate the above expression to Rs. 1,65,000 and solve for 'x':
1,80,000*(1 - x/100) = 1,65,000
1 - x/100 = 1,65,000/1,80,000
1 - x/100 = 0.9167
x/100 = 1 - 0.9167
x/100 = 0.0833
Therefore, x = 8.33%
Hence, R should offer a discount of 8.33% on the marked price to be competitive with E's offer.
Answer: Option B) 8.33%
Price of car sold by E = Rs. 1,80,000
Discount offered by E:
- 5% on first Rs. 1,00,000
- 12.5% on remaining Rs. 80,000
Price of car sold by R = Rs. 1,80,000
To find:
The percent discount that R should offer on the marked price to be competitive with E's offer.
Solution:
Let's first calculate the discount offered by E:
Discount on first Rs. 1,00,000 = 5% of Rs. 1,00,000 = Rs. 5,000
Discount on remaining Rs. 80,000 = 12.5% of Rs. 80,000 = Rs. 10,000
Total discount offered by E = Rs. 5,000 + Rs. 10,000 = Rs. 15,000
Now, let's calculate the selling price of car sold by E after discount:
Selling price of car sold by E = Price of car - Discount offered
= Rs. 1,80,000 - Rs. 15,000
= Rs. 1,65,000
We know that the price of car sold by R is also Rs. 1,80,000.
To be competitive, R should offer the same selling price as E, i.e. Rs. 1,65,000.
Let 'x' be the percent discount that R should offer on the marked price to sell the car at Rs. 1,65,000.
Discount offered by R = x% of Rs. 1,80,000 = Rs. (x/100)*1,80,000
Marked price of car sold by R = Price of car - Discount offered
= Rs. 1,80,000 - Rs. (x/100)*1,80,000
= Rs. 1,80,000*(1 - x/100)
Since R is selling the car at Rs. 1,65,000, we can equate the above expression to Rs. 1,65,000 and solve for 'x':
1,80,000*(1 - x/100) = 1,65,000
1 - x/100 = 1,65,000/1,80,000
1 - x/100 = 0.9167
x/100 = 1 - 0.9167
x/100 = 0.0833
Therefore, x = 8.33%
Hence, R should offer a discount of 8.33% on the marked price to be competitive with E's offer.
Answer: Option B) 8.33%
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Community Answer
Murali purchased 20 dozens of toys at the rate of Rs. 375 per dozen. H...
CP of 20 dozens = 20×375 =7500 SP of 1 piece =33 SP of 240 pieces (20 dozens)= 240 × 33 = 7920 Profit = 7920-7500=420 Profit %ge = (420/7500)× 100= 5.6 Thank you
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Murali purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. Find out his profit percentage.a)3.5b)5.6c)4.1d)3.4Correct answer is 'B'. Can you explain this answer?
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Murali purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. Find out his profit percentage.a)3.5b)5.6c)4.1d)3.4Correct answer is 'B'. 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 Murali purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. Find out his profit percentage.a)3.5b)5.6c)4.1d)3.4Correct answer is 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Murali purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. Find out his profit percentage.a)3.5b)5.6c)4.1d)3.4Correct answer is 'B'. Can you explain this answer?.
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