Question

Jagannath a vegetable vendor is about to sell some product and he anticipate that there will be atleast 25/2 gain percent on the cost price, if he can sell the product for Rs. 414. Calculate his profit.
1. Rs. 36
2. Rs. 46
3. Rs. 38
4. Rs. 50

Answer 1

Correct Answer - Option 2 : Rs. 46

Given∶

 When he sell some product he find that there will be atleast 25/2 gain percent on the cost price.

Selling Price, S.P. = Rs. 414

Formula Used∶

Profit = S.P. - C.P.

C.P. = [100/(100 + Gain%)] × S.P.

Calculation∶

Find out the C.P. first, then

C.P. = [100/(100 + Gain%)] × S.P.

⇒ [100/(100 + 25/2)] × 414

⇒ (200/225) × 414

⇒ Rs. 368

S.P. = Rs 414

Here, S.P. > C.P., Then

Profit = S.P. - C.P. = 414 - 368 = Rs. 46

∴ Jagannath is having a profit of Rs. 46.