Surdeep bought a machinery for ₹ 800 after a $20\%$ discount on the company price. He fixes the selling price to earn $10\%$ profit on the original company price. Find the selling price.
Work with the base price. Undo discounts first, then apply profit or loss on that same base if asked.
₹900
₹1000
₹1100
₹1200
Let company price be $P$. Given $0.8P=800 \Rightarrow P=1000$.
Required SP $= P \times (1+0.10) = 1000 \times 1.10 = \boxed{₹1100}$.
Instead of writing and solving an equation for the company price, we can use the unitary method to find it directly, then check each option for the selling price.
Using the unitary method to find \(1\%\) of the company price directly gives the same company price of ₹1000, and hence the same required selling price.
Hence, the correct answer is option C: ₹1100.
A company has $50{,}000$ preferred shares with dividend $20\%$ and $20{,}000$ common shares; par value of each share is ₹ 10. The total profit is $₹ 1{,}80{,}000$, of which $₹ 30{,}000$ is kept in reserve and the rest distributed to shareholders. Find the dividend percent paid to common shareholders.
A man buys apples at a certain price per dozen and sells them at eight times that price per hundred. What is his gain or loss percent?
A man buys apples at a certain price per dozen and sells them at eight times that price per hundred. What is his gain or loss percent?
By selling $12$ notebooks, the seller earns a profit equal to the \(\textit{selling price}\) of $2$ notebooks. What is his percentage profit?