The cost price of a product was Rs. 395, and it was sold at a loss of 20%. What was the selling price of the product?
Rs. 316
The correct answer is Rs. 316.
Here are some additional points to remember: Profit and loss percentages are always calculated with respect to the Cost Price unless specifically mentioned otherwise. If an item is sold at a profit of x%, the Selling Price is CP \times (1 + \frac{x}{100}). If an item is sold at a loss of y%, the Selling Price is CP \times (1 - \frac{y}{100}). Understanding these basic formulas allows you to solve various problems involving changes in price, successive discounts, and more complex profit and loss scenarios.
Similar Questions
The selling price of an article is 5/6 times the cost price. What is the loss percentage (correct up to two decimal places)?
By selling two articles, each for Rs. 270, a shopkeeper gains the cost price of one article. The cost price of one article and the profit percentage, respectively, are:
The cost price of two articles A and B are in the ratio 4 : 5. While selling these articles, the shopkeeper gains 10% on A and 20% on B, and the difference in the two selling prices is ₹960. The total selling price (in ₹) of both the articles is:
By selling a table for Rs. 3906, a trader incurs a loss of Rs. 294. What is his loss percentage?
Some toffees are bought at the rate of 11 for Rs. 10 and the same number of toffees are bought again at the rate of 5 for Rs. 6, If the whole lot is sold at one rupee per toffee, then the gain/loss percent, correct to one decimal place, on the whole transaction is:
Ankit purchased a printer for Rs. 15,600/- and sold at Rs. 17,160/-. What is his profit percentage?
Amar purchased a bag for Rs. 600/- and sold it for Rs. 540/-. What is his loss percentage?
The cost prices of two articles A and B are in the ratio 3 : 5. Rishu earns a profit of 28% on A and loses 15% on B. What is her overall loss/gain percent?
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The cost of a product was Rs. 175 and it was sold at a loss of 10% what is the selling price?
Important Questions from Successive Selling
- During a sale 35% of the goods are sold at 22% profit, 40% of the remaining goods are sold at 37% profit and the still remaining goods are sold at a loss of 38%. If there is an overall profit of x%, then what is the value of x?
- A dealer buys two articles X and Y for ₹1,000 each. He marks each of them at the same price. He sells X by giving two successive discounts of 15% and 30% and still earns ₹337 as profit. If he sells Y at a single discount of 49%, then what is the profit percentage on Y?
- Find the single equivalent discount (rounded off to two decimal places) for successive discounts of 18%, 6% and 25%.
A shopkeeper marks the price of three identical articles, first, 60% above the Cost Price; second, 45% above the Cost Price and the third, 40% above the cost price. If he gives discount of 25% on first article, 20% on the second article and 15% on the third one, what is his overall profit percentage?
A dealer bought a six-seater Dining Table after getting successive discounts of 15% and 12%. Thereafter, he spent 10% on transport, etc. and finally sold it for Rs. 24,169.75, thereby earning a profit of 25%. What was the marked price of the Dining Table?
