Question
A merchant initially raised the price of a product by
25% and subsequently by an additional 20%. After providing a 24% discount on the final price, he gains a profit of Rs. 56. If the merchant aims to achieve a profit of 50%, what would be the adjusted selling price of the product?Solution
Let the cost price of the article be Rs. '100x' ATQ; 100x X 1.25 X 1.2 X 0.76 = 100x + 56 Or, 114x = 100x + 56 Or, 14x = 56 So, x = 4 So, cost price of the article = 4 X 100 = Rs. 400 So, selling price of the article when sold at 50% profit = 400 X 1.5 = Rs. 600Â
More Profit and loss Questions
2, 4, 12, 20, 30, 42
42, 50, 59, 123, 148, 360
128Â Â Â 384Â Â Â 48Â Â Â 144Â Â Â 20Â Â Â 54
- Find the wrong number in the given number series.
85, 117, 170, 244, 339, 465 Find the wrong number in the given number series.
12, 29, 68, 145, 322, 669
Find the wrong number in the given number series.
1728, 121, 1000, 729, 512, 49
112, 119, 133, 154, 180, 217
Find the wrong number in the given number series,
31, 55, 91, 145, 217, 307
17113 3853 1105 229 75
...Find the wrong number, in the given number series,
70, 56, 42, 30, 20, 12
Relevant for Exams:
