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Question Detail
If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?
- 12%
- 30%
- 50%
- 60%
Answer: Option C
Explanation:
Friends, we know we will need gain amount to get gain percent, right. So lets get gain first.
Let the cost price of 1 pen is Re 1
Cost of 8 pens = Rs 8
Selling price of 8 pens = 12
Gain = 12 - 8 = 4
\begin{aligned}
Gain\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\
= \left( \frac{4}{8} * 100 \right)\% = 50\%
\end{aligned}
1. A shopkeeper expects a gain of 45/2 % on his C.P. If his sale was Rs. 392, then find his profit.
- Rs. 70
- Rs. 72
- Rs. 74
- Rs. 76
Answer: Option B
Explanation:
We Know,
\begin{aligned}
S.P. = \left( \frac{100+gain\%}{100} * C.P \right)\\
=> C.P. = \frac{100}{122.50}* 392 \\
= 320 \\
Profit = 392 -320 = Rs 72
\end{aligned}
2. A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is
- 12%
- 13%
- 14%
- 15%
Answer: Option A
Explanation:
Suppose he bought 5 kg and 3 kg of tea.
Cost Price = Rs. (5 x 18 + 3 x 20) = Rs. 150.
Selling price = Rs. (8 x 21) = Rs. 168.
Profit = 168 - 150 = 18
So, Profit % = (18/150) * 100 = 12%
3. A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%
- Rs 8.81
- Rs 9.81
- Rs 10.81
- Rs 11.81
Answer: Option D
Explanation:
85 : 9 = 105 : x
x= (9×105/85)
= Rs 11.81
4. Sahil purchased a machine at Rs 10000, then got it repaired at Rs 5000, then gave its transportation charges Rs 1000. Then he sold it with 50% of profit. At what price he actually sold it.
- Rs. 22000
- Rs. 24000
- Rs. 26000
- Rs. 28000
Answer: Option B
Explanation:
Question seems a bit tricky, but it is very simple.
Just calculate all Cost price, then get 150% of CP.
C.P. = 10000 + 5000 + 1000 = 16000
150% of 16000 = 150/100 * 16000 = 24000
5. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is
- \begin{aligned} \frac{6}{19}\% \end{aligned}
- \begin{aligned} \frac{6}{17}\% \end{aligned}
- \begin{aligned} 5\frac{5}{11}\% \end{aligned}
- \begin{aligned} 3\frac{5}{11}\% \end{aligned}
Answer: Option C
Explanation:
Whenever we get this type of question, we should have formula in mind that,
Gain% = (gain/cost)*100
Cost = 4700 + 800 = Rs. 5500
S.P. = Rs. 5800
Profit = 5800 - 5500 = 300
\begin{aligned}
Gain\% = \frac{300}{5500}*100 \\
= 5\frac{5}{11}\%
\end{aligned}
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