Profit and Loss Practice Test 4

Question : 26 of 40

Marks: +1, -0

A man sells a calculator at the rate of Rs 285 each, which includes a profit of 14%. What amount of profit will he earn in 19 days, if he sells seven calculators per day?

Rs 4,665
Rs 4,565
Rs 4,545
Rs 4,655
None of these

Validate

Solution:

The SP of the calculator = Rs 285
Profit per cent = 14%
CP =

100 /{ 100+ \gain%} × SP

= 100/114 × 285= 250

Profit = SP - CP = 285 - 250 = Rs 35.
One day profit = 35 × 7 = Rs 245
19 days’ profit = 245 × 19 = Rs 4,655

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