Question:
A trader sells one kg of wheat at a profit of \(10\%\). If he had bought it at \(20\%\) less and sold it for Rs. 10 less, what would have been his profit percentage? What was the cost price of wheat per kg
A trader sells one kg of wheat at a profit of \(10\%\). If he had bought it at \(20\%\) less and sold it for Rs. 10 less, what would have been his profit percentage? What was the cost price of wheat per kg
Updated On: Oct 17, 2024
- Rs. 55
- Rs. 50
- Rs. 65
- Rs. 60
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
The correct answer is (B): Rs. 50
Was this answer helpful?
0
0
Top Questions on Profit and Loss
- FS food stall sells only chicken biryani. If FS fixes a selling price of Rs. 160 per plate, 300 plates of biriyani are sold. For each increase in the selling price by Rs. 10 per plate, 10 fewer plates are sold. Similarly, for each decrease in the selling price by Rs. 10 per plate, 10 more plates are sold. FS incurs a cost of Rs. 120 per plate of biriyani, and has decided that the selling price will never be less than the cost price. Moreover, due to capacity constraints, more than 400 plates cannot be produced in a day.
If the selling price on any given day is the same for all the plates and can only be a multiple of Rs. 10, then what is the maximum profit that FS can achieve in a day? - The cost of running a movie theatre is Rs. 10,000 per day, plus additional Rs. 5000 per show. The theatre has 200 seats. A new movie released on Friday. There were three shows, where the ticket price was Rs. 250 each for the first two shows and Rs. 200 for the late-night show.
For all shows together, total occupancy was 80%. What was the maximum amount of profit possible? - Gopi marks a price on a product in order to make 20% profit. Ravi gets 10% discount on this marked price, and thus saves Rs 15. Then, the profit, in rupees, made by Gopi by selling the product to Ravi, is
- CAT - 2024
- Quantitative Aptitude
- Profit and Loss
- Bina incurs 19% loss when she sells a product at Rs. 4860 to Shyam, who in turn sells this product to Hari. If Bina would have sold this product to Shyam at the purchase price of Hari, she would have obtained 17% profit. Then, the profit, in rupees, made by Shyam is
- CAT - 2024
- Quantitative Aptitude
- Profit and Loss
- The selling price of a product is fixed to ensure 40% profit. If the product had cost 40% less and had been sold for 5 rupees less, then the resulting profit would have been 50%. The original selling price, in rupees, of the product is
- CAT - 2024
- Quantitative Aptitude
- Profit and Loss
View More Questions
Questions Asked in KMAT KERALA exam
- Iodine is obtained from which of the following?
- KMAT KERALA - 2024
- Science Technology and Inventions
- Who is the author of the book “How to Avoid a Climate Disaster”?
- KMAT KERALA - 2024
- Books and Authors
- Where is the National Institute of Hydrology (NIH) located?
- KMAT KERALA - 2024
- Geography
- Where was the 12th India-Oman ‘Joint Military Cooperation Committee meeting held?
- KMAT KERALA - 2024
- Central Government
- 'One Stop Centre scheme’, recently seen in the news, is formulated by which ministry?
- KMAT KERALA - 2024
- Central Government
View More Questions