Elitmus Exam Numerical Ability Profit and Loss

a trader marked his goods at 20% above the cp.he sold half the stock at the mp,one quarter at a discount of 20%on the mp and the rest at a discount of 40% on the mp.his total gain is?

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2% overall gain
7 years agoHelpfull: Yes(2) No(0)

Let cp=100
Therefore, MP=120
MP of 1/2 stock= 120/2=60
MP of 1/4 stock =120/4=30
Mp of remaining=[1-(1/4+1/2)]=1/4 stock= 120/4=30
Now, SP=60+[30-30 x 20/100]+[30-30 x 40/100]
SP= 102
Therefore, profit=(102-100)= 2℅
6 years agoHelpfull: Yes(2) No(0)
C.p.=100 M.P=120
A=120/2=60
120*20/100=24
120-24=96
B=96/4=24
120*40/100=48
120-48=72
C=72/4=18
A+B+C=60+24+18=102
gain%=102=100/100*100=2%
6 years agoHelpfull: Yes(1) No(0)

Elitmus Other Question

a salesman is allowed 11/2% discount on the total sales made by him plus a bonus of 1/2 on sales over rs10000.if his total earnings were rs1990.then what was his total sales a man saves rs25 on the purchase of an article on which a discount of 20% is allowed.how much did the man paid?