A person sells article X for ₹34,500 and makes a profit of 15%. He sells article Y at a loss of 10%. He neither loses nor gains on the whole because of these two transactions. What is the selling price of article Y?
₹40,500
Let the cost price of article X be ₹34,500. Profit is 15%, so cost price of X = ₹34,500 / (1 + 0.15) = ₹30,000. Since the person neither gains nor loses on the whole, the cost price of Y must also be ₹30,000. The loss on Y is 10%, so selling price of Y = 90% of ₹30,000 = ₹27,000. Hence, the selling price of Y is ₹40,500.
Important Questions from Profit and Loss
Ram bought a chair at 35% discount on its market price, Had Ram got no discount, he would have had to pay ₹245 more. How much did Ram pay for the chair?
A shopkeeper bought an item for Rs. 4,500 and sold it at a loss of 5%. From this money, he bought another item and sold it at a profit of 10%. What is his overall profit?
A man sells two articles at Rs. 9,180 each. He gains 8% on one article and loses 15% on the other. His overall profit or loss is:
A shopkeeper selling an article for ₹46 loses 8%. In order to gain 6%, what should be the selling price of the article?
Rahul purchased 80 items from the market. 25% items of the total items were defective and the remaining items were sold at 50% profit. What will be the overall profit percentage?
