6.
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
A. Rs. 2000 B. Rs. 2200
C. Rs. 2400 D. Data inadequate
Answer & Explanation
Answer: Option A
Explanation:
Let C.P. be Rs. x.
Then, 1920 – x x 100 = x – 1280 x 100
x x
1920 – x = x – 1280
2x = 3200
x = 1600
Required S.P. = 125% of Rs. 1600 = Rs. 125 x 1600 = Rs 2000.
100
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7.
A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?
A. Rs. 18.20 B. Rs. 70
C. Rs. 72 D. Rs. 88.25
Answer & Explanation
Answer: Option C
Explanation:
C.P. = Rs. 100 x 392 = Rs. 1000 x 392 = Rs. 320
122.5 1225
Profit = Rs. (392 – 320) = Rs. 72.
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8.
A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?
A. Rs. 1090 B. Rs. 1160
C. Rs. 1190 D. Rs. 1202
Answer & Explanation
Answer: Option C
Explanation:
S.P. = 85% of Rs. 1400 = Rs. 85 x 1400 = Rs. 1190
100
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9.
Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
A. 3.5 B. 4.5
C. 5.6 D. 6.5
Answer & Explanation
Answer: Option C
Explanation:
Cost Price of 1 toy = Rs. 375 = Rs. 31.25
12
Selling Price of 1 toy = Rs. 33
So, Gain = Rs. (33 – 31.25) = Rs. 1.75
Profit % = 1.75 x 100 % = 28 % = 5.6%
31.25 5
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10.
Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:
A. 30% B.
33 1 %
3
C. 35% D. 44%
Answer & Explanation
Answer: Option D
Explanation:
Suppose, number of articles bought = L.C.M. of 6 and 5 = 30.
C.P. of 30 articles = Rs. 5 x 30 = Rs. 25.
6
S.P. of 30 articles = Rs. 6 x 30 = Rs. 36.
5
Gain % = 11 x 100 % = 44%.
25