Wipro WILP Profit and Loss Quiz- 1

Let the marked price of the article be x.

First a 20% discount was offered, on which another 25% discount was offered.

So, 75% of 80% of x = 3600

75/100 * 80/100 * x = 3600 → x = 6000.

So the article was marked at Rs. 6000.

Cost price of the article = [100/(100+80)]*3600 = Rs. 2000.

It is important to note here that this DOES NOT equal to a 45% discount on the whole. When different discounts are applied successively, they CANNOT be added.

We have to calculate: (average CP – average SP)/average SP.
Here, the selling price is equal in all three cases. Since the maximum number of calculations are
associated with the SP, we assume it to be 100. This gives us an average SP of 100 for the three articles.
Then, the first article will be sold at 111.11, the second at 83.33 and the third at 133.33. (The student is
advised to be fluent at these calculations) Further, the CP of the three articles is 111.11 + 83.33 + 133.33
= 327.77.
The average CP of the three articles is 327.77/3 = 109.2566.
Hence, (average CP – average SP)/average SP = 9.2566%. higher

cost = 700

material:labour:overheads = 3:4:2

cost of product includes cost of material, labour & indirect expenses.

700/7x = 100

cost of material = 3x =3*100 =300

cost of labour. = 2x= 2*100 =200

cost of OH\'S. = 2x =2*100 =200

profit = cost of labour * 20%

profit = 200*20% = 40

so marked price = cost of production +profit.

marked price = 700+40 = 740

The costs in 1983 were 400 and 200 respectively. An increase of 30% in labor Æ increase of 120. Increase of 10% in overheads Æ increase of 20.
Total Increase = 120 + 20 = 140. New cost = 600 + 140 = 740

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Currently there is no PrepInsta Explanation. Did you know?

You can also submit your own version of explanations under user explanation section and also view other submitted explanations by other users.

If the cost price is Rs.100, then to get a profit of 20%, the selling price
should be Rs.120.
If 120kg is to be sold, and the dealer gives only 100kg, to get a profit of 20%.
How many grams he has to give instead of one kilogram(1000 gm).
120 gm ------ 100 gm
1000 gm ------ ?
(1000 * 100)/120 = 2500/3 = 833 1/3 grams.

15 CP = 18 SP

18 --- 3 CP loss

100 --- ? => 16 2/3% loss

That means, on selling per 11 articles he profits 2.
on selling 100 articles he profits( 2*100)/11= aprox 18

(20/100-20)=25%
25% is equivalent to 10 kg
10*4=40
100/40=2.5
the original price is 2.5 kg