Question:
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
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
Updated On: Nov 30, 2024
Hide Solution
Verified By Collegedunia
Correct Answer: 2160
Solution and Explanation
Let's denote the purchase price of the product for Hari as P.
When Bina sells the product to Shyam at Rs. 4860, she incurs a 19 percent loss. So: P (1 - 0.19) = 4860 P = 6000
If Bina had sold the product to Shyam at the purchase price of Hari (Rs. 6000), she would have made a 17 percent profit. So, Shyam bought the product at: 6000 (1 + 0.17) = 7020
Shyam sold the product to Hari for Rs. 4860. So, Shyam's loss is: 7020 - 4860 = 2160
Therefore, Shyam's loss is Rs. 2160.
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
- 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
- A company produces 'x' units of geometry boxes in a day. If the raw material of one geometry box costs ₹2 more than the square of the number of boxes produced in a day, the cost of transportation is half the number of boxes produced in a day, and the cost incurred on storage is ₹150 per day. The marginal cost (in ₹) when 70 geometry boxes are produced in a day is:
- CUET (UG) - 2024
- Mathematics
- Profit and Loss
View More Questions
Questions Asked in CAT exam
- The sum of all real values of $k$ for which $(\frac{1}{8})^k \times (\frac{1}{32768})^{\frac{4}{3}} = \frac{1}{8} \times (\frac{1}{32768})^{\frac{k}{3}}$ is
- CAT - 2024
- Logarithms
- Amal and Vimal together can complete a task in 150 days, while Vimal and Sunil together can complete the same task in 100 days. Amal starts working on the task and works for 75 days, then Vimal takes over and works for 135 days. Finally, Sunil takes over and completes the remaining task in 45 days. If Amal had started the task alone and worked on all days, Vimal had worked on every second day, and Sunil had worked on every third day, then the number of days required to complete the task would have been
- CAT - 2024
- Time and Work
- Sam can complete a job in 20 days when working alone. Mohit is twice as fast as Sam and thrice as fast as Ayana in the same job. They undertake a job with an arrangement where Sam and Mohit work together on the first day, Sam and Ayana on the second day, Mohit and Ayana on the third day, and this three-day pattern is repeated till the work gets completed. Then, the fraction of total work done by Sam is
- CAT - 2024
- Time and Work
- The number of all positive integers up to 500 with non-repeating digits is
- CAT - 2024
- Number Systems
- A certain amount of water was poured into a 300 litre container and the remaining portion of the container was filled with milk. Then an amount of this solution was taken out from the container which was twice the volume of water that was earlier poured into it, and water was poured to refill the container again. If the resulting solution contains 72% milk, then the amount of water, in litres, that was initially poured into the container was
- CAT - 2024
- Mixtures and Allegations
View More Questions