If the selling price of 10 raincoats is equal to the cost price of 12 raincoats, find the gain percentage.
20%
Let the cost price of each raincoat be C and the selling price be S.
According to the question, 10S = 12C, or S = (12/10)C = 1.2C.
Therefore, the gain per raincoat is 1.2C - C = 0.2C.
The gain percentage = (0.2C / C) × 100 = 20%.
Important Questions from Profit and Loss
Ram bought a chair at 35% discount on its market price, Had Ram got no discount, he would have had to pay ₹245 more. How much did Ram pay for the chair?
A shopkeeper bought an item for Rs. 4,500 and sold it at a loss of 5%. From this money, he bought another item and sold it at a profit of 10%. What is his overall profit?
A man sells two articles at Rs. 9,180 each. He gains 8% on one article and loses 15% on the other. His overall profit or loss is:
A shopkeeper selling an article for ₹46 loses 8%. In order to gain 6%, what should be the selling price of the article?
Rahul purchased 80 items from the market. 25% items of the total items were defective and the remaining items were sold at 50% profit. What will be the overall profit percentage?
