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 person incurs a loss of 10% by selling a watch for Rs. 450. At what price should the watch be sold to earn 10% profit?
Two bikes were sold for a total of ₹ $1,50,000$. One bike was sold at $33\frac{1}{3}\%$ loss and the other at $20\%$ profit. The cost price of the first bike is equal to the selling price of the other bike. Find the over all loss.
What will be the profit percentage on selling an article at a certain price if there is $30\%$ loss on selling the article at $\frac{3}{5}$ of the selling price?
- 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?
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