Bissoy.com
Doctors Medicines MCQs Q&A

A retailer buys 120 articles from the wholesaler but returns the 75% article at 20% less price due to a decrease in price. After a few days retailer again buys the returned article at 20% high price than the actual price. The extra amount (total) paid by the retailer is what percent more than the actual price of each article?

A retailer buys 120 articles from the wholesaler but returns the 75% article at 20% less price due to a decrease in price. After a few days retailer again buys the returned article at 20% high price than the actual price. The extra amount (total) paid by the retailer is what percent more than the actual price of each article? Correct Answer 40%

Given:

Number of articles = 120 articles

Returned articles = 75%

Calculation:

Let the price of each article be Rs. 10X

⇒ Price of 120 articles = 10x × 120 = Rs. 1200x

Now 75% of articles are returned

⇒ 75% of 120 = 90

Amount paid by retailer for 90 articles = 90 × 10x = Rs. 900x

But retailer returns the article at 20% less price

⇒ Price for each article at which it is returned = 80% of 10x = Rs. 8x

Amount received by the retailer = 90 × 8x = Rs. 720x

Now, the retailer purchased the returned quantity at 20% higher price than the actual price

⇒ New purchasing Price for each article = 120/100 × 10x = Rs. 12x

Amount paid by retailer on again buying the articles = 90 × 12x = Rs. 1080x

⇒ Total extra amount paid and loss by the retailer = (900x – 720x) + (1080x – 900x) = Rs. 360x

Extra paid for each article = 360x/90 = Rs. 4x

∴ Required percentage = 4x/10x × 100 = 40%

Related Questions

An electronics shop was selling articles at a high discount. Kajal went to buy 3 articles from the shop. The cost of the first article is 33.33% less than the cost of the 2nd article. The cost of the 3rd article is 300% more than the discount on the 2nd article. The discount on the 1st article is 30% less than the discount on the 3rd article. After the discounts, Kajal receives an additional discount, which is equal to the sum of discounts on the first 2 articles. The discount on the 1st article is 80.55% less than the price of the 3rd article. Which of the following is true if the cost of article 1 is 50% less than the cost of article 3?
Which one of the following sets is incorrect to show the inter-relationships among price elasticity coefficient, change in price and change in total revenue ? Price elasticity coefficient Change in price Change in Total Revenue 1) Zero Increase Decrease Increase Decrease (2) Less than 1 Increase Decrease Decrease Increase (3) Equal to 1 Increase Decrease No change No change (4) More than 1 Increase Decrease Decrease Increase  
A man purchases articles and markup its price by 80%. While selling, he gives certain offers. If a person buys only 1 article, then no discount is given but if a person buys 2 articles, then a discount of 20% is given on 2nd article and 40% discount on each 2nd and 3rd article if a person buys 3 articles. What is the profit percentage of man if he sells 2 articles to person A and 3 articles to person B?
A man purchases articles and markup its price by 80%. While selling, he gives certain offers. If a person buys only 1 article, then no discount is given but if a person buys 2 articles, then a discount of 20% is given on 2nd article and 40% discount on each 2nd and 3rd article if a person buys 3 articles. What is the profit percentage of the man if he sells 2 articles to person A and 3 articles to person B?
Rajeev visited an electronic gadgets store to buy Mobile phones and Laptops. He purchased 2 mobile phones and 1 laptop. For this purchase, he paid full amount of the Mobile phones but only one-third of the amount of the Laptop. In total he paid Rs. 60,000. After a week, he visited the store again and purchased 3 Mobile phones and 2 Laptops. For this purchase, he paid full amount of the Laptops but only two-third of the amount of the Mobile phones. This time he paid Rs. 1,10,000 in total. What amount he should pay if he purchase 1 Mobile phone and 1 Laptop only and pays full amount for both ?
The pie chart given below shows the amount spent by a boy on the purchase of six different items. The total amount spent on all these six items is Rs. 54000. The amount spent on a specific item is represented as a degree with reference to the total amount spent on all these six items. Which of the following statement(s) is/are correct? I. The amount spent on article A is Rs.900 less than the amount spent on article B. II. The amount spent on article C is Rs 2400 more than the amount spent on article D. III. The ratio of the amount spent on article B to the amount spent on article E is 4 : 1.
Ram buys 10 articles and sell to Mohan. The cost price of 10 articles is equal to selling price of 9 articles and Mohan sells all the article to Tripti at the cost price 9 article is equal to selling price of 8 articles. Ram’s cost price is how much percent more or less than Tripti’s cost price.
There are eight cars A, B, C, D, E, F, G and H. Each car has a different price. Price of C is more than that of A and D. Price of at least two cars is less than A. Price of F is more than that of G and H. Price of D is less than G, but more than E. Price of B is less than H, but more than G. Price of at least four cars is more than that of C. Which of the following sequence is correct?
A retailer buys 15 articles from a wholesaler at MRP of a 12 articles. If the retailer sells all the articles at MRP, find his percentage profit.
A worker is hired for 7 days. Each day, he is paid 10 Taka more than what he is paid for the previous day of work. The total amount he was paid in the first 4 days of work equaled the total amount he was paid in the last 3 days. What was his starting pay?