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arrow_back Academic Questions & Answers ForumNext time you have a doubt while studying, you know where to go. By simply posting your questions on Question & Answer Forum, you can have them answered by academic experts. You can also find related videos and explanations for better understanding. By Selling 20 Umbrellas for Rs. 2400, A man losses 20%, How many should he sell for Rs. 7200 to gain 20%?
Answer (Detailed Solution Below)Option 3 : 40
Free NCERT 1: History (Our Past I - Class 6th) 10 Questions 20 Marks 12 Mins Given: Selling Price of 20 Umbrellas = 2400. Loss = 20% Concept: If an item is sold at a profit of x%, and the CP = y Then, SP = [(100 + x)/100] × y Similarly, If an item is sold at a loss of a%, and the CP = y Then, SP = [(100 - a)/100] × y Calculation: Let the number of umbrellas to be sold be x Now, the unit SP = 2400/20 = Rs.120 Hence, the unit CP is obtained as: 120 = [(100 - 20)/100] × CP ⇒ Unit CP = Rs.150 Now, for a profit of 20%, the SP of the each umbrellas has to be: 7200/x = [(100 + 20)/100] × 150 ⇒ 7200/x = 180 ⇒ x = 40 ∴ The number of umbrellas to be sold is 40 Latest UPSC Civil Services Updates Last updated on Oct 11, 2022 The UPSC Examinations 2021 Reserved List has been released. 63 candidates have been recommended by the commission to fill in the remaining posts. With reference to the 2022 exam cycle, The Union Public Service Commission (UPSC) examination was conducted on the 16th, 17th, 18th, 24th, and 25th of September 2022. This is one of the most coveted jobs in India. The candidates are required to go through a 3 stage selection process - Prelims, Main and Interview. The marks of the main examination and interview will be taken into consideration while preparing the final merit list. The candidates must go through the UPSC Civil Service mains strategy to have an edge over others. Let's discuss the concepts related to Profit and Loss and Successive Selling. Explore more from Quantitative Aptitude here. Learn now! At what rate will Rs 7200 fetch a simple interest of Rs 3024 in 4 years?=221=10. 5%
What is the simple interest on 7200 for 8 months at 12% per annum?The correct answer is 2592. To find simple interest, Apply the formulae P*R*T/100. 7200*12*3/100= 2592. So.
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At what rate of interest per annum will Rs 7200 fetch an interest of Rs 3024 in 4 years?
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