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- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
Correct Answer: A
Correct Answer: A
Method / Topic: Profit and Loss
Profit or loss percentage is calculated on cost price.
Short Explanation
Detailed Explanation
Correct Answer: A
Method / Topic: Profit and Loss
<table cellspacing="0" style="border-collapse:collapse; height:20px; width:85px">
<tbody>
<tr>
<td style="background-color:#c0e6f5; border-bottom:1px solid #44b3e1; border-left:none; border-right:none; border-top:1px solid #44b3e1; height:20px; vertical-align:top; white-space:normal; width:85px"><span style="color:#000000">Profit=12% of 1,800=216. Selling price=cost price+profit=1,800+216=2,016. Equivalently, multiply the cost price by 112/100. Profit percentage is always based on cost price unless stated otherwise. The calculation is checked against the conditions in the
. A useful final check is to substitute the
s involving signs, denominators, amount versus interest, and distance versus speed.</span></td>
</tr>
</tbody>
</table>
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Learn + Solve: Shortcut, Trap & Fast Route Click to view shortcut, steps, and common mistake
Shortcut used, common trap, and the fastest solving route
- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
A shopkeeper buys an article for Rs. 1,800 and sells it at a 12% profit. Find the selling price.
Explanation
Correct Answer: A
Method / Topic: Profit and Loss
Profit or loss percentage is calculated on cost price.
Short Explanation
Detailed Explanation
Correct Answer: A
Method / Topic: Profit and Loss
<table cellspacing="0" style="border-collapse:collapse; height:20px; width:85px">
<tbody>
<tr>
<td style="background-color:#c0e6f5; border-bottom:1px solid #44b3e1; border-left:none; border-right:none; border-top:1px solid #44b3e1; height:20px; vertical-align:top; white-space:normal; width:85px"><span style="color:#000000">Profit=12% of 1,800=216. Selling price=cost price+profit=1,800+216=2,016. Equivalently, multiply the cost price by 112/100. Profit percentage is always based on cost price unless stated otherwise. The calculation is checked against the conditions in the
. A useful final check is to substitute the
s involving signs, denominators, amount versus interest, and distance versus speed.</span></td>
</tr>
</tbody>
</table>
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