The profit by selling an item was 25%. If the item was marked 40% above the selling price then what is the ratio of the marked price to the cost price of the item?
Correct Answer : B
Instead of a metre scale, a cloth merchant uses a 120 cm scale while buying, but uses an 80 cm scale while selling the same cloth. If he offers a discount of 20% on cash payment, what is his overall percent profit ?
In what ratio must a person mix three kinds of tea costing Rs.60/kg, Rs.75/kg and Rs.100 /kg so that the resultant mixture when sold at Rs.96/kg yields a profit of 20%?
P,Q and R enter into a partnership with capitals in the ratio 3:2:1. After 4 months, P leaves the business and after 4 more months Q also leaves the business and R continues till the end of the year. If R takes 10% of the profit for managing the business, then what part of the profit does R get?