Mathematical Aptitude - Profit and Loss

16. Arjun makes a profit of 18% on cost price by selling a bike for Rs 59000. The cost price of the bike increases by 5%. Arjun wants to make the same amount of profit. What will be the new profit percent on selling price in Rs ?

  • Option : A
  • Explanation : Hint: Original CP can be calculated first, that is Rs 50000.
    Then CP increases by 5%. Same amount of profit can be added to it, and then percentage calculated on it.
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17. After selling a cycle for Rs 1680 a shopkeeper suffers a loss of 16%. If he wants to earn 15% profit after giving the discount of 8%, what will be the marked price?

  • Option : C
  • Explanation : Cost Price = (1680/84) X 100 = Rs 2000
    Marked price = 2000 X (115%/92%) = Rs 2500
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