A shopkeeper sells 21 chocolates for ₹1 and makes a profit of 100%. How many chocolates did he purchase for ₹1?
42
Selling price of 21 chocolates = ₹1, and the profit is 100%.
At 100% profit the selling price is twice the cost price, so the cost price of 21 chocolates = 1 ÷ 2 = ₹0.50.
So ₹0.50 buys 21 chocolates, and ₹1 buys 21 × 2 = 42 chocolates.
Hence, the answer is 42.
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Important Questions from Profit and Loss
- Veer bought some sharpeners at the rate of ₹180/dozen. He sold them for ₹23 each. His profit percentage is ____ % (rounded off to two decimal places).
- A shopkeeper lists the price of a fan at 60% above its cost price and offers a 15% discount on its list price. If he earns a profit of ₹117, then what is the list price (in ₹) of the fan?
- The marked price of an article is ₹800. It is sold at two successive discounts of 24% and 15%, respectively. Find the selling price of the article.
- A discount of 13% on the marked price of an article is allowed and then the article is sold for ₹348. The marked price of the article is:
- A trader claims to sell grains at a profit of 29%, but also dishonestly uses a weight which is 13% less than what is mentioned on it. Find the total percentage of profit earned by the trader. (Round off the answer to the nearest whole number.)
