Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
131 views
in Aptitude by (113k points)
closed by
If Cost Price of 10 fans is equal to the selling Price of 8 fans, then find profit/loss % 
1. 10% loss
2. 25% loss
3. 25% profit
4. 50% profit

1 Answer

0 votes
by (114k points)
selected by
 
Best answer
Correct Answer - Option 3 : 25% profit

Given:

The cost price of 12 fans = Selling price of 10 fans

Concept:

Gain: The amount gained by selling a product with more than its cost price.

Loss: The amount of losses by selling a product with less than its cost price.

Formula Used:

Profit or Gain = Selling price – Cost Price

Profit or Gain percentage = (Profit /Cost Price) × 100

Loss = Cost Price - Selling Price

Loss percentage = (Loss /Cost Price) × 100

Calculation:

Let the Selling price of one fan be 10 x

So, the selling price of 8 fans = 80x

Cost price of 10 fans = 80x

⇒ Cost price of 1 fan = 80x/10 = 8x

Profit = 10x - 8x = 2x

Profit % = (2x/8x) × 100 = 100/4 = 25%

∴ The gain percent is 25%.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...