Home
Class 14
MATHS
Deepak found that he had made a loss of ...

Deepak found that he had made a loss of 10% while selling his smartphone. He also found that had he sold it for Rs.50 more, he would have made a profit of 5%. The initial loss was what percentage of the profit earned, had he sold the smartphone for a 5% profit?

A

1

B

2

C

0.75

D

0.85

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's denote the cost price of the smartphone as \( CP \). ### Step 1: Understand the Loss Deepak made a loss of 10% while selling the smartphone. This means he sold it for 90% of its cost price. \[ \text{Selling Price (SP)} = CP - 0.10 \times CP = 0.90 \times CP \] ### Step 2: Understand the Profit If Deepak had sold the smartphone for Rs. 50 more, he would have made a profit of 5%. This means the new selling price would be: \[ \text{New SP} = CP + 0.05 \times CP = 1.05 \times CP \] ### Step 3: Set Up the Equation According to the problem, the new selling price is also equal to the original selling price plus Rs. 50: \[ 1.05 \times CP = 0.90 \times CP + 50 \] ### Step 4: Solve for Cost Price (CP) Now, we can solve the equation: \[ 1.05 \times CP - 0.90 \times CP = 50 \] \[ 0.15 \times CP = 50 \] \[ CP = \frac{50}{0.15} = \frac{5000}{15} = 333.33 \] ### Step 5: Calculate Selling Price with 5% Profit Now that we have the cost price, we can calculate the selling price if he had sold it for a 5% profit: \[ \text{SP at 5% profit} = 1.05 \times CP = 1.05 \times 333.33 = 350 \] ### Step 6: Calculate the Initial Loss The initial loss was 10% of the cost price: \[ \text{Loss} = 0.10 \times CP = 0.10 \times 333.33 = 33.33 \] ### Step 7: Calculate the Profit The profit earned if he sold it for a 5% profit is: \[ \text{Profit} = \text{SP at 5% profit} - CP = 350 - 333.33 = 16.67 \] ### Step 8: Find the Percentage of Initial Loss with Respect to Profit Now, we need to find what percentage the initial loss is of the profit earned: \[ \text{Percentage} = \left( \frac{\text{Loss}}{\text{Profit}} \right) \times 100 = \left( \frac{33.33}{16.67} \right) \times 100 \approx 200\% \] ### Final Answer The initial loss was approximately **200%** of the profit earned had he sold the smartphone for a 5% profit. ---

To solve the problem step by step, let's denote the cost price of the smartphone as \( CP \). ### Step 1: Understand the Loss Deepak made a loss of 10% while selling the smartphone. This means he sold it for 90% of its cost price. \[ \text{Selling Price (SP)} = CP - 0.10 \times CP = 0.90 \times CP \] ...
Promotional Banner

Topper's Solved these Questions

  • PROBABILITY, PERMUTATION AND COMBINATION

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise Question|68 Videos
  • RATIO AND PROPORTION & MIXTURE ALLIGATION

    IBPS & SBI PREVIOUS YEAR PAPER|Exercise MCQ|83 Videos
IBPS & SBI PREVIOUS YEAR PAPER-PROFIT AND LOSS-MCQS
  1. If a trader estimates his loss as 10% of the selling price, what is hi...

    Text Solution

    |

  2. Shopkeeper purchased some goods for ₹ 900 and sold one- third of the g...

    Text Solution

    |

  3. Deepak found that he had made a loss of 10% while selling his smartpho...

    Text Solution

    |

  4. A person sell two horses for rupees 480 each. On the first horse he ga...

    Text Solution

    |

  5. A trader gives an additional concession of35% on an article which is a...

    Text Solution

    |

  6. An article is marked up 40% higher than CP but it was sold x% on disco...

    Text Solution

    |

  7. A trader mixes 14 kg rice of variety A which costs ₹ 60/kg with 18 kg ...

    Text Solution

    |

  8. Cost price of B is 200 more than cost price of A.Bis sold at 10% profi...

    Text Solution

    |

  9. 35kg of a type of milk powder (type A) which costs ₹ 614 per kg was mi...

    Text Solution

    |

  10. Marked price of A is ₹ 1600 more than its cost price. When discount on...

    Text Solution

    |

  11. The ratio of cost price to the selling price of an article is 5 : 6. I...

    Text Solution

    |

  12. A certain product C is made of two ingredients A and B in the proporti...

    Text Solution

    |

  13. A man bought a scooter and a car. He sold all of them at 30% profit. S...

    Text Solution

    |

  14. C.P. of two books is same. One sold at 15% profit and the other for ₹ ...

    Text Solution

    |

  15. The cost price of goods is 20% below the marked price. He sold half he...

    Text Solution

    |

  16. P invests ₹ 6,000 for X months while Q invests ₹ 8,000 for 9 months in...

    Text Solution

    |

  17. A shopkeeper marked his article 60% above the cost price and gives a d...

    Text Solution

    |

  18. P and Q entered into a partnership by investing some amounts. The inve...

    Text Solution

    |

  19. In place of 18% profit an article is sold at 32% profit and seller get...

    Text Solution

    |

  20. A shopkeeper marked price of a shirt 50% more than the CP of the shirt...

    Text Solution

    |