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Q:

A man buys oranges at Rs 5 a dozen and an equal number at Rs 4 a dozen. He sells them at Rs 5.50 a dozen and makes a profit of Rs 50. How many oranges does he buy?

A) 30 dozens B) 40 dozens
C) 50 dozens D) 60 dozens

Answer:   C) 50 dozens

Explanation:

Cost Price of 2 dozen oranges Rs. (5 + 4) = Rs. 9.
Sell price of 2 dozen oranges = Rs. 11.
If profit is Rs 2, oranges bought = 2 dozen.
If profit is Rs. 50, oranges bought = (2/2) * 50 dozens = 50 dozens.

Q:

What profit percent is made by selling an article at a certain price, if by selling at 2/3rd of that price, there would be a loss of 20%   ?

A) 30 % B) 25 %
C) 15 % D) 20 %
 
Answer & Explanation Answer: D) 20 %

Explanation:

SP2 = 2/3 SP1
CP = 100
SP2 = 80
2/3 SP1 = 80

SP1 = 120
100 --- 20   => 20%

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1 1
Q:

A person sold two cows each for Rs.9900. If he gained 10% on one and lost 20% on the other, then which of the following is true ?

A) He lost Rs. 200 B) He gained Rs. 200
C) Neither he gained nor lost D) None of the above
 
Answer & Explanation Answer: D) None of the above

Explanation:

In first he got Rs. 990

But in second he lost Rs. 1980

So he lost Rs. 990.

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1 15
Q:

The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit ?

A) Rs. 660 B) Rs. 560
C) Rs. 1060 D) Rs. 960
 
Answer & Explanation Answer: D) Rs. 960

Explanation:

Let C.P. = Rs. C.
Then, 832 - C = C - 448
2C = 1280 => C = 640
Required S.P. = 150% of Rs. 640 = 150/100 x 640 = Rs. 960.

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2 42
Q:

The price of an article has been reduced by 35%. In order to restore the original price the new price must be increased by ?

A) 51.8 % B) 49.25 %
C) 47.2 % D) 53.84 %
 
Answer & Explanation Answer: D) 53.84 %

Explanation:

100
65
-------
65 ------- 35
100 ------ ? => 53.84 %

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2 45
Q:

A trader marked the price of the T.V. 30% above the cost price of the T.V. and gave the purchaser 10% discount on the marked price, thereby gaining Rs.340. Find the cost price of the T.V ?

A) Rs. 2000 B) Rs. 1600
C) Rs. 2200 D) Rs. 2100
 
Answer & Explanation Answer: A) Rs. 2000

Explanation:

Let 'x' be the cost price.
Now Marked price = x + 30x/100 = 13x/10
10% discount = 10/100 x 13x/10 = 13x/100
Selling price = 13x/10 - 13x/100 = 117x/100
Given gain = 340
Here gain = 117x/100 - x = 17x/100 = 340 => x = Rs. 2000.

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