Banking Exam Question - Profit & Loss Math Question - Solve the Following Question & Find the Selling Price

Introduction - Profit & Loss Math Question

This is the aptitude as well as math questions and answers section on "Profit and Loss" with explanation for various interview, competitive examination and entrance test. questions based on Profit and Loss by practicing the objective type exercises given below, also get shortcut methods to solve Aptitude Profit and Loss problems.

If a shop has a umbrellas. What is the loss of 10 percent sold in 240, and how much should that umbrella be sold for 40 percent profit?

Here,

Sales Price: Rs. 240, Loss Percentage: 105, Purchase Price?

Selling 10% of losses,

Sales price if Rs. Yes, CR. Is 90

Therefore 

sales price           purchase price

Rs. 90                Rs. 9. 100

Rs. 240              Rs. ?

Required purchase price: 100 × 240-900

= 266.67

Now, the purchase price is Rs. Take a 40% profit from 266.67. In this case

Sales Price Rs. Take a 40% profit from 266.67. So,

Sales Price: Purchase Value + profit

Here, the profit value × 40 percent

= 266.67 × 40 ÷ 100 = Rs. 106.67

So sales price = Rs. 266.67 + Rs. 106.67

Answer = Rs. 373.34