Question
A sports shop earns profit equivalent to cost price of 4 cricket bats on selling of 20 cricket bats. Calculate its percentage.
This question was previously asked in
CUET PG 2026 Agri-Business Management Question Paper (25-Mar-2026) (Shift 2)
The correct answer is
20%
Calculating Profit Percentage on Cricket Bats
Here's how to determine the profit percentage:
- Let the Cost Price (CP) of one cricket bat be $C$.
- The shop sells 20 cricket bats. The total cost price for these 20 bats is $20 \times C$.
- The profit earned is stated as the cost price of 4 cricket bats. So, Profit = $4 \times C$.
- The formula for Profit Percentage is: $ \text{Profit \%} = \frac{\text{Profit}}{\text{Total Cost Price}} \times 100 $
- Substitute the values: $ \text{Profit \%} = \frac{4 \times C}{20 \times C} \times 100 $
- Simplify the expression: $ \text{Profit \%} = \frac{4}{20} \times 100 $ $ \text{Profit \%} = \frac{1}{5} \times 100 $ $ \text{Profit \%} = 20\% $
The profit percentage is 20%.
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Important Questions from Profit & Loss (Notes)
- A shopkeeper bought an item for ₹7825 and marked it at 30% higher than the cost price. If he sells the item by allowing 20% discount, then his profit percentage will be :
- A bought an article at a certain price and sold it at 10% profit. B bought the same article at a price 10% lesser than A and sold it at ₹18 lesser than A. B's gain percentage in this deal is 20%. At what price B bought the article?
- A shopkeeper earned a profit (in ₹) by selling an item, which is three times the discount offered (in ₹). If the discount offered is 6.25%, what is his profit percentage ?
- The Loss incurred by selling an article at Rs.$2042$ is $75\%$ of the gain attained by selling the same article at Rs.$2532$. Find the cost price of the article. (In Rs.)
- When a plot is sold for Rs.$26980$, the owner loses $24\%$. At what price must that plot be sold in order to gain $24\%$? (In Rs.)
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