Wipro Company Numerical Ability Profit and Loss

A man gains 10 % by selling a certain article for a certain price. If he sells it at double the price, the profit made is :

a. 20 %
b. 120 %
c. 100 %
d. 140 %

Read Solution (Total 3)

Suppose the cost price of articel is 100,
then selling price is 100+10% = 100+10= 110.
If he sells at double price it becomes 110*2=220
so.. [220/100]*100=220 [ selling price ]
so profit = selling price - cost price
= 220-100
= 120
so ans is (b) 120%
11 years agoHelpfull: Yes(3) No(0)

Let cost price of a certain article is 100 Rs.
then the selling price is [ 100 + (100 x 10%) ]
100 + 10 = 110
It he sells at double price then the selling price becomes 110 x 2 = 220 Rs.
so the profit = 220-100 = 120 Rs.
hence the answer is (b) 120%
11 years agoHelpfull: Yes(1) No(0)
Let CP of of an aritcle is Rs 1
now the SP of an article is 110% of Rs 1=1.1
SP will be double then new SP will be 1.1*2=2.2
Profit=SP-CP
profit=2.2-1=>1.2
Now % profit=1.2*100/1=120% is the ans
so the option b will be correct.
6 years agoHelpfull: Yes(0) No(0)

Wipro Other Question

Bhajan Singh purchased 120 reams of paper at Rs 80 per ream. He spent Rs 280 on transportation, paid octroi at the rate of 40 paise per ream and paid Rs 72 to the coolie. If he wants to have a gain of 8 %, what must be the selling price per ream ?

a. Rs 90
b. Rs 87.48
c. Rs. 89
d. Rs 86 A person bought 20 litres of milk at the rate of Rs 8 per litre. He got it churned after spending Rs 10 and got 5 kg of cream and 20 litres ol toned milk. If he sold the cream at Rs. 30 per kg and toned milk at Rs 4 per litre, his profit in the transaction is :

a. 25 %
b. 35.3 %
c. 37.5 %
d. 42.5 %