Ali bought watch from a wholesaler for Rs. 250. In addition, he paid a sales tax of 15% on the cost price. He then sold the watch for Rs. 315. How much profit is made by Ali.
Answer: Rs. 27.50
Explanation
First, let's calculate the total cost price (CP) including the sales tax:
CP = Rs. 250 (cost) + 15% of Rs. 250 (sales tax)
= Rs. 250 + (15/100) × Rs. 250
= Rs. 250 + Rs. 37.50
= Rs. 287.50
Now, let's calculate the profit:
Profit = Selling Price (SP) - Total Cost Price (CP)
= Rs. 315 - Rs. 287.50
= Rs. 27.50
So, Ali made a profit of Rs. 27.50!
This question appeared in
Past Papers (1 times)
Islamabad Police Constable, ASI Past Papers, Syllabus, Test Preparation (1 times)
This question appeared in
Subjects (1 times)
MATHS MCQS (1 times)
Related MCQs
- A watch is sold for Rs. 144 at a loss of 10%. What should be the selling price to gain 15% profit?
- A retailer bought a product from the producer for Rs. 300 and paid a sales tax of 15% and sold the product to customers for Rs. 410. Calculate the profit
- A person bought one kilogram of apples for Rs. 60 and sold for Rs. 90. The percentage of profit of cost price he earned is?
- Maria bought a laptop at 20% discount on its original price. She sold it with a 40% increase on the price she bought. Her percentage of profit on the original price is?
- A shopkeeper sold an article for Rs 540 at some profit .Had he sold it for Rs 470, then there would have a loss equal to one-sixth of the initial profit.what was the cost price (in Rs) of the article?
- if the sales price is 672 and the profit is 5%, then the cost price should be---
- My father bought _______ H. M. T watch _______ watch is beautiful.
- At a store everything is sold to 10% less than the price marked. If the owner buys a product for Rs. 90. What price should he mark them, if he wants to make a 10% profit on his cost?
- A watch showed a time of fourteen minutes past nine (9 hrs and 14 mins). The positions of the hour-hand and the minute-hand of the watch are exactly interchanged. The new time shown by the watch is closest to which one of the following?
- “A” sold a pen Rs. 180. This was Rs 60 less than. What “A” paid for it. What was A loss as percentage of his cost price?
