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Question Detail
A book was sold for Rs 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then would have been percentage of profit and loss ?
- 2% Profit
- 3% Profit
- 2% Loss
- 3% Loss
Answer: Option B
Explanation:
Please remember
\begin{aligned}
S.P. = \left( \frac{100+gain\%}{100} * C.P \right)\\
\text{So, C.P. = }\left( \frac{100}{110} * 25.75 \right)\\
\text{When S.P. = 25.75 then } \\
Profit = 25.75 - 25 = Re. 0.75 \\
Profit\% = \frac{0.75}{25} * 100 = 3\%
\end{aligned}
1. A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%.
- Rs 25300
- Rs 22300
- Rs 24300
- Rs 21300
Answer: Option A
Explanation:
This type of question can be easily and quickly solved as following:
Let at Rs x it can earn 15% pr0fit
85:18700 = 115:x [as, loss = 100 -15, Profit = 100 +15]
x = (18700*115)/85
= Rs.25300
2. A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent
- 1%
- 2%
- 3%
- 4%
Answer: Option D
Explanation:
So we have C.P. = 27.50
S.P. = 28.60
Gain = 28.60 - 27.50 = Rs. 1.10
\begin{aligned}
Gain\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\
= \left( \frac{1.10}{27.50} * 100 \right)\% = 4\%
\end{aligned}
3. 100 oranges are bought at the rate of Rs. 350 and sold at the rate of 48 per dozen. The percentage of profit is
- \begin{aligned} 12\frac{2}{7} \% \end{aligned}
- \begin{aligned} 13\frac{2}{7} \% \end{aligned}
- \begin{aligned} 14\frac{2}{7} \%\end{aligned}
- \begin{aligned} 15\frac{2}{7} \% \end{aligned}
Answer: Option C
Explanation:
So before solving this question we will get the C.P. and S.P. of 1 article to get the gain percent.
C.P. of 1 orange = 350/100 = Rs 3.50
S.P. of one orange = 48/12 = Rs 4 [note: divided by 12 as 1 dozen contains 12 items]
Gain = 4 - 3.50 = Rs 0.50
\begin{aligned}
Gain\% = \frac{0.50}{3.50}*100 \\
= \frac{100}{7}\%
= 14\frac{2}{7}\%
\end{aligned}
4. A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The C.P. of the article was
- Rs 100
- Rs 150
- Rs 200
- Rs 250
Answer: Option C
Explanation:
Let original Cost price is x
Its Selling price = 105/100 * x = 21x/20
New Cost price = 95/100 * x = 19x/20
New Selling price = 110/100 * 19x/20 = 209x/200
[(21x/20) - (209x/200)] = 1
=> x = 200
5. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x
- 13
- 14
- 15
- 16
Answer: Option D
Explanation:
Let the Cost Price of one article = Rs. 1
CP of x articles = Rs. x
CP of 20 articles = 20
Selling price of x articles = 20
Profit = 25% [Given]
\begin{aligned}
\Rightarrow \left (\dfrac{SP - CP }{CP}\right ) = \dfrac{25}{100} = \dfrac{1}{4}
& \Rightarrow \dfrac{\left(20-x \right )}{x} = \dfrac{1}{4} \\
& \Rightarrow 80 - 4x = x \\
& \Rightarrow 5x = 80 \nonumber \\
& \Rightarrow x = \dfrac{80}{5} = 16 \\
\end{aligned}
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