Please enter the following details
Free Daily Targets & Mocks
Study Material & Formulas PDFs
1 on 1 Mentorship
Question 89
A man sells his goods at a certain price, 20% of whichis his profit. If the price at which he buys the goods increases by 10% and hesells them at an 8% higher price, then what will be his profit percent (correct to one decimal place)?
Solution
Let the selling price be Rs.100.
Profit = 20%
profit = Rs.20
Cost price = 100 - 20 = Rs 80
Now,
He buys the goods increases by 10% and he sells them at an 8% higher price.
So,
New cost price = 80 $$\times \frac{110}{100}$$ = Rs 88
New selling price = 100 $$\times \frac{108}{100}$$ = Rs 108
Profit = 108 - 88= Rs 20
Profit percentage =Â $$\frac{20}{88} \times$$ 100 = 22.72%
Create a FREE account and get:
- Free SSC Study Material - 18000 Questions
- 230+ SSC previous papers with solutions PDF
- 100+ SSC Online Tests for Free
