A trader buys a mobile phone for ₹8000, spends ₹500 on repairs, and sells it at a profit of 20% on the total cost. Later, the buyer resells it at a loss of 25%. What price does the final buyer pay for the mobile phone?
₹7650
Total cost: \(8000+500 = 8500\).
Selling price at 20% profit: \(8500\times1.2 = 10200\).
Resale at 25% loss: \(10200\times0.75 = 7650\).
Hence, the final buyer pays ₹7,650 for the mobile phone.
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Important Questions from Profit and Loss
By selling an article for Rs. 2,200, a profit of 10% is earned. If the same article is sold for Rs. 2,600, then what will be the gain percentage?
By selling an article for Rs. 640, a person loses 15% of its selling price. At what price (in Rs.) should he sell it to gain 15% on its cost price?
The selling prices of articles A and B are the same. A is sold at a profit of 28 percent and B is sold at a loss of 24 percent. If the total selling price of the both articles is Rs. 48640, then what is the cost price of A and B, respectively ?
The cost price of an article is Rs. 2800. Profit as a percentage of selling price is 20 percent. What is the actual profit (in Rs.) ?
A trader bought 640 kg of rice. He sold a part of rice at 20% profit and the rest at 5% loss. He earned a profit of 15% in the entire transaction. What is the quantity (in kg) of rice that he sold at 5% loss?
