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A man sells two houses at the rate of Rs. 1.995 lakhs each. On one he gains 5% and on the other, he loses 5%. His gain or loss percent in the whole transaction is :


A0.25% loss

B0.25% gain

C2.5% loss

D25% loss

Answer: Option A

Explanation:

Note: If a person sells two items at the same price; one at a gain of x% and another at a loss of x%, then the seller always incurs a loss expressed as

Loss%=[(Common Loss and Gain%)/10]^2 = (x/10)^2

Loss % = (5/10)^2= 0.5^2= 0.25

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On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:


ARs. 45

BRs. 50

CRs. 55

DRs. 60

Answer: Option D

Explanation:

(C.P. of 17 balls) - (S.P. of 17 balls) = (C.P. of 5 balls)

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Two lots of Mango with equal quantity, one costing Rs. 10 per kg and the other costing Rs. 15 per kg, are mixed together and whole lot is sold at Rs. 15 per kg. What is the profit or loss?


A10% loss

B10% profit

C20% profit

D20% loss

Answer: Option C

Explanation:

Cost Price of 1 kg mango @ Rs. 10 per kg
and Cost of 1 kg Mango @ Rs. 15 per kg = 10 + 15 = Rs. 25 (Cost Price for 2 Kg)
Selling Price for 2 kg = 2 x Rs. 15 = Rs. 30
Here CP < SP
So Profit = (Rs. 30 - Rs. 25) = Rs. 5
Formula Used: Profit% = (profit/CP)*100
Profit % = (5/25) * 100% = 20%

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A discount dealer professes to sell his goods at cost price but uses a weight of 960 gms for a kg weight. Find his gain %?


A14%

B17%

C23%

DNone of these

Answer: Option D

Explanation:

Gain% = [(error *100) / (true value-error)]%
= [(40 * 100) / (1000 - 40)]% = 25/6%

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The cost price of a television is rs 2400 which is 20% below the market price if it is sold at a discount of 16% on the market price then find its market price, selling price and profit?


ARs. 3000 Rs. 2520 5%

BRs. 4000 Rs. 3520 6%

CRs. 5000 RS. 6250 7%

DNone of these

Answer: Option A

Explanation:

CP = 2400
Let MP = x
So, MP = x * 80/100 = 2400
MP = x = 3000
SP = 3000 * 16/100 = 480+3000 = 2520
Profit = 2520 - 2400 = 120
Profit% = 120*100/2400 = 5

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A Grocer bought 24 kg coffee beans at price X per kg. After a while one third of stock got spoiled so he sold the rest for $200 per kg and made a total profit of twice the cost. What must be the price of X?


A33 1/3

B66 2/3

C44 4/9

D50 1/3

Answer: Option C

Explanation:

Cost price= 24*X,
spoiled= 24*1/3=8 kg, now total amount= (24-8)=16 kg
selling price= 16*200 =3200
profit= (3200-24*X)
profit=2* cost , (3200-24*X)= 2*24*X, x=400/9 =44 4/9

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Rama bought goods at a discount of 20% of list price.He marks them at a price as search he can give discount of 20% on a marked price and still makes the profit of 20% on selling price.What percent of list price is the marked price


A100%

B175%

C125%

D180%

Answer: Option C

Explanation:

If marked price is Rs 100/-
Selling price = Rs 80/-
Profit = 80*0.2= Rs 16
CP= Rs 64
List price = 64*100/80 = Rs 80
So, marked price is 100*100/80 = 125%

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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:


A44/7 %

B55/11%

C10%

D12%

Answer: Option B

Explanation:

Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.

Selling Price (S.P.) = Rs. 5800.

Gain = (S.P.) - (C.P.) = Rs.(5800 - 5500) = Rs. 300.

Gain % = (300/5500)x 100% =\(5 \frac{5}{11}\)%

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When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?


ARs. 21000

BRs. 22500

CRs. 25300

DRs. 25800

Answer: Option C

Explanation:

85 : 18700 = 115 : x
x = (18700 x 115)/85 = 25300.
Hence, S.P. = Rs. 25,300.

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A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:


ANo profit, no loss

B5%

C8%

D10%

Enone of these

Answer: Option B

Explanation:

C.P. of 56 kg rice = Rs. (26 x 20 + 30 x 36) = Rs. (520 + 1080) = Rs. 1600.

S.P. of 56 kg rice = Rs. (56 x 30) = Rs. 1680.
Gain = (80/1600 )x 100 % = 5%.

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