Elitmus
Exam
Numerical Ability
Profit and Loss
A trader uses a 110 cm scale while buying cloth and uses 90 cm scale while selling the cloth. He further provides 10% discount to cost price. What is his overall profit percentage?
Read Solution (Total 21)
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- let price of each cm is rs 1.
price of 100cm =rs100.(that is cost price)
but trsder get 110cm in rs 100
hence price of 90cm =rs(90*100)/(110)= (900/11) (actual price he pay for 90cm)
and he sold 90 cm in rs 100 and give 10 % dis =rs 90( amount he get for 90cm)
now we have cost price =900/11 and selling price =rs90
profit=10%
- 10 years agoHelpfull: Yes(37) No(1)
- if cp=100 =>(asume)
then 10% discount on cp=90
he sells 90cm for 90 rs
then remain 20cm..?
(90/90)*20=20
90+20=110 (total selling price)
so profit=(110-100)
=10% - 10 years agoHelpfull: Yes(7) No(4)
- assume 1 scale = 1rs
lets assume cp =100
seller give 10% dis, so 10% of 100 is 10 so he give him 90 rs;
so 90 cm scale is 90 rs;
and trader uses is 110 scale so he get earn 110 rs ;
so profit is 110-100 =10
10%
- 10 years agoHelpfull: Yes(5) No(0)
- (100+gain%)/(100-dicount%)=true_value/faulty_value
--> (100+g)/(100-10)=110/90
-->100+g=110
-->g=10
or, gain=10% - 10 years agoHelpfull: Yes(5) No(0)
- let CP of 1cm= x and he purchases 90 cm cloth
=>total CP= 90x
10% discount on CP = 9x (10% of 90x)
SP of 90cm cloth = 90x-9x= 81x
SP of 110 cm cloth = (81*110)/90x =99x
profit % = [(SP-CP)*100]/CP
= [(99x-90x)*100]/90x
=10 ans - 10 years agoHelpfull: Yes(3) No(0)
- consider 110 cm cloth...selling at 10% discount .110-110*10/100=99.but actually he sold 90 mts only .and cost price of 110 mts ==110 so cost price of 90==90.thus profit ==99-90==9rupee.so in %======9*100/9o==10%ans
- 10 years agoHelpfull: Yes(2) No(0)
- cost per cm cloth = x
cost price of 110cm cloth = 110x
SP of 90cm cloth = 90x
10% discount = 11x
profit % = (110x - (90x + 11x)) / 110x * 100
= 8.1818% - 10 years agoHelpfull: Yes(2) No(3)
- just remember dis formula for false scale
100+overall gain/100-discount=true scale/false scale
for this problem its simply
100+x/100-10=110/90
ans=10% gain - 10 years agoHelpfull: Yes(2) No(0)
- the profit earn by using faulty scale is 110-90=20
so he get 20% profit but he further discount 10% on cost price
so use formula X+Y+(XY)/100 use + for profit and - for discount
20-10-2 is 8% profit - 10 years agoHelpfull: Yes(1) No(0)
- profit earn on faulty scale is (110-90)=20
percentage of profit earned is =(20/90)*100=200/9%
discount = 10%
formula for getting the overall percentage is x+y+xy/100 =200/9 -10-(200/9)(10)/100=10%
so profit=10% - 10 years agoHelpfull: Yes(1) No(0)
- 11
because , he gets 20 cm xtra and 10% of 90 is 9cm . and 20 - 9 = 11 , so profit is 11% - 10 years agoHelpfull: Yes(0) No(4)
- why did u do 10% of 90... its said 10% discount on CP
- 10 years agoHelpfull: Yes(0) No(0)
- 35.8% ans
- 10 years agoHelpfull: Yes(0) No(2)
- to buy 110cm we need rs100
to buy 90cm we need 900/11=81.81
sp of 90cm is rs90
profit is rs8.181
profit%= (profit/cp)*100=10% - 10 years agoHelpfull: Yes(0) No(2)
- hi pls explain clearly i am confused
- 10 years agoHelpfull: Yes(0) No(0)
- let he buy the cloth for rs100.
i.e. buy 110cm for 100rs i.e. 1cm=10/11rs
sells 90cm for 100 rs i.e. 1cm=10/9 rs
nd 10% discount=10*(10/11)/100=10/110;
so,total profit=10/9-10/11-10/110=.11;
profit %=.11/(10/11)*100=12.1%l - 10 years agoHelpfull: Yes(0) No(1)
- let c.p of 1cm=1rs then c.p of 100cm=100rs
c.p of 110cm=100rs
c.p 0f 90cm
c.p=100*s.p/(100+gain%)=100*90/110=81.81
profit=90-81.81=8.19
profit%=8.19*100/81.81=10.01
10% - 10 years agoHelpfull: Yes(0) No(0)
- let cp of per cm=x
total profit= 20x-9x
=11x
% profit=11
- 10 years agoHelpfull: Yes(0) No(1)
- let x be the cost of 110 cm cloth...
as cost is directly proportional to the length of the cloth...
90cm costs.....9x/11
but he sold it to x and gives 10% discount...so the s.p is9x/10
profit is 9x/10 - 9x/11 = 9x/100.
9% profit.... - 10 years agoHelpfull: Yes(0) No(1)
- Ans is ~10%.
So think of it as , the formula for the profit % in such cases(When price can be equated for 110 cm cloth and 90 cm cloth) is (Goods Left / Goods Sold)*100. so here(20/90)*100 = 22.22% profit.
Suppose the quantity to be 100 then profit of 22.22% will give 100 + (100 * .2222) = 122.22.
Now discount of 10% on this will be 122.22 - (122.22 * 10) = 109.998.
so from 100 to 109.998 there's a change of 9.998 % i.e ~10%. - 4 years agoHelpfull: Yes(0) No(0)
- let 100 cm is =100 rs
so a seller buy a 110 cm instead of 100 cm
it means that
110 cm=100 rs
when he sell the cloth he use 90 cm instead of 100 cm and it also provide 10% discount so it means
90 cm sell =90 rs
so overall the equation is that
110 cm=100rs*90=9000
90 cm=90rs*110=9900
ans=faulty/actual price
faulty =99-90
ans=(9/90)*100
ans =10% - 4 years agoHelpfull: Yes(0) No(0)
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