Question
Easy
A trader buys 12 fans for тВ╣24,000. He marks each fan at 25% above the cost price. If he sells all fans by giving 10% discount on the marked price, then his overall profit (in) is :
1
2700
2
3000
3
3200
4
3500
Question Details
Time to Solve: 12
Exam: CTET
Level/Paper: CTET_P2
Chapter: Finance
Topic: Profit & Loss
Correct Answer
Option B
Explanation
To determine the overall profit when the trader sells the fans, let's go through the calculations step by step, ensuring that Option 2 is indeed the correct answer. 1. Cost Price Calculation: - The trader buys 12 fans for тВ╣24,000. - Therefore, the cost price (CP) per fan = тВ╣24,000 / 12 = тВ╣2,000. 2. Marked Price Calculation: - Each fan is marked at 25% above the cost price. -тАжRead More
Similar Questions from REET Exam - Paper 1 - Year 2018
Question 1
Easy
Source :
Finance
The cost price of an article is ` 750. It is sold for ` 608 by giving 24% discount on its marked price. Had itтАж
Chapter :
Finance
Topic :
Profit & Loss
Question 2
Easy
Source :
Finance
A shopkeeper sells an article for тВ╣ 324 after giving a discount of 28% on its marked price. The cost price of the article isтАж
Chapter :
Finance
Topic :
Profit & Loss
Question 3
Easy
Source :
Finance
A sum of тВ╣ 12,000 amounts to тВ╣15,972 at a certain rate percent per annum in 1 years, 1$\frac{1}{2}$ when the interest is compounded half-yearly.тАж
Chapter :
Finance
Topic :
Simple & Compound Interest
Question 4
Easy
Source :
Finance
A sum of тВ╣ 8000 becomes тВ╣ 9500 at 7.5% p.a. in x years at simple interest. What will be the amount of the sumтАж
Chapter :
Finance
Topic :
Simple & Compound Interest