A piece of land was sold to a person through two middlemen, each gaining 25%. If the person purchased the land for ₹6,25,000, the original cost (in ₹) of the land was:
4,00,000
The correct answer is 4,00,000.
Understanding interest rates on loans or savings. Analyzing profit and loss margins in business. Interpreting statistics and data presented as percentages. Understanding how percentages work, especially successive changes, is crucial for financial literacy and problem-solving in everyday life and competitive exams.
Similar Questions
The selling price of an article is 5/6 times the cost price. What is the loss percentage (correct up to two decimal places)?
By selling two articles, each for Rs. 270, a shopkeeper gains the cost price of one article. The cost price of one article and the profit percentage, respectively, are:
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By selling a table for Rs. 3906, a trader incurs a loss of Rs. 294. What is his loss percentage?
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Important Questions from Successive Selling
- During a sale 35% of the goods are sold at 22% profit, 40% of the remaining goods are sold at 37% profit and the still remaining goods are sold at a loss of 38%. If there is an overall profit of x%, then what is the value of x?
- A dealer buys two articles X and Y for ₹1,000 each. He marks each of them at the same price. He sells X by giving two successive discounts of 15% and 30% and still earns ₹337 as profit. If he sells Y at a single discount of 49%, then what is the profit percentage on Y?
- Find the single equivalent discount (rounded off to two decimal places) for successive discounts of 18%, 6% and 25%.
A shopkeeper marks the price of three identical articles, first, 60% above the Cost Price; second, 45% above the Cost Price and the third, 40% above the cost price. If he gives discount of 25% on first article, 20% on the second article and 15% on the third one, what is his overall profit percentage?
A dealer bought a six-seater Dining Table after getting successive discounts of 15% and 12%. Thereafter, he spent 10% on transport, etc. and finally sold it for Rs. 24,169.75, thereby earning a profit of 25%. What was the marked price of the Dining Table?
