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By selling 8 dozen pencils, a shopkeeper gains the selling price of 1 dozen pencils. What is the gain?

A) \( \large12 \frac{1}{2}% \)
B) \( \large13 \frac{1}{7}% \)
C) \( \large14 \frac{2}{7}% \)
D) \( \large87 \frac{1}{2}% \)

Correct Answer:



C) \( \large14 \frac{2}{7}% \)

Description for Correct answer:
Let SP of 1 dozen pencils = x.

SP of 8 dozen pencils = 8x.

CP of 8 dozen pencils = (8x - x) = 7x

% gain = \( \Large\frac{x}{7x} \times 100 % = 14\frac{2}{7}% \)

Part of solved Profit and Loss questions and answers : >> Aptitude >> Profit and Loss

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Similar Questions

1). A refrigerator and a camera were sold for Rs. 12000 each. The refrigerator was sold at a loss of 20% of the cost and camera at a gain of 20% of the cost. The entire transaction results in which one of the following?

A). No loss or gain

B). Loss of Rs. 1000

C). Gain of Rs. 1000

D). Loss of Rs. 2000

2). A person bought a certain number of books for Rs. 80. If he had bought 4 more books for the same sum, each book would have cost Rs. 1 less. What is the price of each book?

A). Rs. 10

B). Rs. 8

C). Rs. 5

D). Rs. 4

3). The marked price of a machine is Rs.18000. By selling it at a discount of 20%, the loss is 4%. What is the cost price of the machine?

A). Rs. 10000

B). Rs.12000

C). Rs.14000

D). Rs.15000

4). A man buys 4 tables and 5 chairs for Rs. 1000. If he sells the tables at 10 % profit and chairs at 20% profit, he earns a profit of Rs.120. What is the cost of one table?

A). Rs. 200

B). Rs. 220

C). Rs. 240

D). Rs. 260

5). A person buys a book for Rs.200 and sells it for Rs.225. What will be his gain percent?

A). 13%

B). 14%

C). 18.4%

D). 12.5%

6). A salesman expects a gain of 13% on his cost price. If in a month, his sale was Rs.791000, what was his profit?

A). Rs.91000

B). Rs.97786

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7). A gold bracelet is sold for Rs. 14500 at a loss of 20%. What is the cost price of the gold bracelet?

A). Rs. 18125

B). Rs.17400

C). Rs.15225

D). Rs.16800

8). Anita purchased a bicycle at a cost of Rs. 3200. She sold it at a loss of Rs.240. At what price did she sell the bicycle?

A). Rs.2960

B). Rs.2690

C). Rs.3440

D). Rs.3360

9). By selling a cycle for Rs. 2345,a student loses 19%. His cost price is nearly

A). Rs. 4000

B). Rs.5000

C). Rs.3000

D). Rs.3500

10). Assuming that profit of shopkeeper in a particular commodity is a liner expression of transportation charge(t) and the quantity of commodity(q). He earns a profit of Rs.10000 by selling 20 units of transport charge of Rs.400. He also earns a profit of Rs.12000 by selling 25 units at the transport charge of Rs. 600. What is the linear expression in t and q?

A). 600q - 5t

B). 500q - 4t

C). 600q - 4t

D). 500q - 5t