A shopkeeper marks his books at 25% above the cost price. Due to slump in the market, his cost reduces by 5%. And then, to boost his sale, he offered a discount of 8% due to which sales goes up by 25%. Compute the change in the shopkeepers profit.

The selling price of a product is fixed to ensure 40% profit. If the product had cost 40% less and had been sold for 5 rupees less, then the resulting profit would have been 50%. The original selling price, in rupees, of the product is

View Solution

A company produces 'x' units of geometry boxes in a day. If the raw material of one geometry box costs ₹2 more than the square of the number of boxes produced in a day, the cost of transportation is half the number of boxes produced in a day, and the cost incurred on storage is ₹150 per day. The marginal cost (in ₹) when 70 geometry boxes are produced in a day is:

View Solution

FS food stall sells only chicken biryani. If FS fixes a selling price of Rs. 160 per plate, 300 plates of biriyani are sold. For each increase in the selling price by Rs. 10 per plate, 10 fewer plates are sold. Similarly, for each decrease in the selling price by Rs. 10 per plate, 10 more plates are sold. FS incurs a cost of Rs. 120 per plate of biriyani, and has decided that the selling price will never be less than the cost price. Moreover, due to capacity constraints, more than 400 plates cannot be produced in a day.
If the selling price on any given day is the same for all the plates and can only be a multiple of Rs. 10, then what is the maximum profit that FS can achieve in a day?

XAT - 2024
Quantitative Ability and Data Interpretation
Profit and Loss

View Solution

An item is sold with a profit of \(40\%\). If the cost price is reduced by \(40\%\) and Rs. \(5\) are also reduced from it, then the profit will be increased to \(50\%\). Find the final cost price.

View Solution

A furniture trader deals in tables and chairs. He has Rs. 75,000 to invest and a space to store at most 60 items. A table costs him Rs. 1,500 and a chair costs him Rs. 1,000. The trader earns a profit of Rs. 400 and Rs. 250 on a table and chair, respectively. Assuming that he can sell all the items that he can buy, which of the following is/are true for the above problem:

(A) Let the trader buy \( x \) tables and \( y \) chairs. Let \( Z \) denote the total profit. Thus, the mathematical formulation of the given problem is:

\[ Z = 400x + 250y, \]

subject to constraints:

\[ x + y \leq 60, \quad 3x + 2y \leq 150, \quad x \geq 0, \quad y \geq 0. \]

(B) The corner points of the feasible region are (0, 0), (50, 0), (30, 30), and (0, 60).

(C) Maximum profit is Rs. 19,500 when trader purchases 60 chairs only.

(D) Maximum profit is Rs. 20,000 when trader purchases 50 tables only.

Choose the correct answer from the options given below:

View Solution

List-I		List-II
(A)	Alibi	(I)	This for that
(B)	Ex parte	(II)	Other
(C)	Lex loci	(III)	The law of the place
(D)	Quid pro quo	(IV)	From one side only

Store	Respective ratio of number of linen kurtis to cotton kurtis sold
A	7:5
B	5:6
C	3:2
D	5:3
E	4:3
F	7:3

A shopkeeper marks his books at 25% above the cost price. Due to slump in the market, his cost reduces by 5%. And then, to boost his sale, he offered a discount of 8% due to which sales goes up by 25%. Compute the change in the shopkeepers profit.

The Correct Option is A

Solution and Explanation

Top Questions on Profit and Loss

Questions Asked in CMAT exam

SUBSCRIBE TO OUR NEWS LETTER