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A cloth merchant Sold-half of his cloth at 40% profit. halt of remaining at 40% loss and it rest was sold at the cost price. In the total transactionhis gain or loss will be

A) 20% gain
B) 25% loss
C) 10% gain
D) 15% loss

Correct Answer:



C) 10% gain

Description for Correct answer:
Let total number of cloth = 100 units

CP if 1 unit cloth = Rs. 1

CP of 100 units cloth are

= 1\( \times \)100 = Rs. 100

According to question,

Profit % = \( \Large \frac{10}{100} \times 100=10\% \)gain

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

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Similar Questions

1). A person sold an article at 20% profit on the selling price. After wards, when the cost price reduced by 10%, then he also reduced the selling price by 10%. His percentage of profit cost price will be

A). 30

B). 25

C). 22.5

D). 12.5

2). A salesman expects a gain of 13% on his cost price, If in a month his sale was Rs. 7,91,000, what was his profit?

A). Rs. 85,659

B). Rs. 88.300

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3). Ramesh bought 10 cycles for Rs. 500 each. He spent Rs 2,000 on the repair of all cycles. He sold five of them for. Rs. 750 each and the remaining for Rs. 550 each. Then the total gain or loss % is

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5). A trader purchases a watch and a wall clock for Rs. 390. he sells them making a profit of 10% on the watch and 15% on the wall clock. He earns a profit of Rs. 51.50. The difference between the original price of the wall clock and the watch is equal to

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6). A merchant fixed the selling price of his articles at Rs.700 after adding 40% profit to the cost price. As the sale was very low at this price level, he decided to fix the selling price , at 10% profit. Find the new selling price.

A). Rs. 500

B). Rs. 550

C). Rs. 450

D). Rs. 490

7). From 2008 to 2009, the sales of a book decreased by 80%. If the sales in 2010 were the same as in 2008, by what percent did it increase from 2009 to 2010 ?

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B). 400%

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D). 100%

8). The cost price of a radio is Rs. 600. The 500 of the cost price is charged towards transportation. After adding that, If the net profit to be made is 15%, then the selling price of the radio must be

A). Rs. 704.50

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C). Rs. 664.50

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10). The total cost of 8 buckets and 5 mugs is Rs. 92 and the total cost of 5 buckets and 8 mugs is Rs. 77. Find the total cost of 2 mugs and 3 buckets.

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