Arvind bought an article for ₹x. He sold it to Biru at a loss of 16%. Biru spent ₹147 on its transportation and sold it to Minu at a profit of 40%. If Minu bought it for ₹1,617, then what is the value of x?
1,200
Biru bought the article for 0.84x (16% loss on x). His total cost = 0.84x + 147.
Selling to Minu at 40% profit: 1.4(0.84x + 147) = 1,617, so 0.84x + 147 = 1,617/1.4 = 1,155.
0.84x = 1,155 - 147 = 1,008, so x = 1,008/0.84 = 1,200.
Hence, the value of x is ₹1,200.
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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.)
