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Q:

By selling 45 lemons for Rs 40, a man loses 20 %. How many should he sell for Rs 24 to gain 20 % in the transaction ?

A) 16 B) 18
C) 20 D) 22

Answer:   B) 18

Explanation:

Let S.P. of 45 lemons be Rs. x.

Then, 80 : 40 = 120 : x or   x = = 60

For Rs.60, lemons sold = 45

For Rs.24, lemons sold  == 18.

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 23
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 38
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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Q:

A man saves 20% of his monthly salary. If an account of dearness of things he is to increase his monthly expenses by 15%, he is only able to save Rs. 400 per month. What is his monthly salary ?

A) Rs. 6000 B) Rs. 4500
C) Rs. 5000 D) Rs. 6500
 
Answer & Explanation Answer: C) Rs. 5000

Explanation:

Income = Rs. 100

Expenditure = Rs. 80

Savings = Rs. 20

Present Expenditure 80x(15/100) = Rs. 12 = 80 + 12 = Rs. 92

Present Savings = 100 – 92 = Rs. 8

100 ------ 8
? --------- 400 => 5000

His salary = Rs. 5000

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2 19
Q:

A shopkeeper sells two articles at Rs.1000 each, making a profit of 30% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes ?

A) 0.85 % B) 0.95 %
C) 1.0 % D) 1.3 %
 
Answer & Explanation Answer: B) 0.95 %

Explanation:

SP of first article = 1000
Profit = 30%
CP = (SP)x[100/(100+P)] = 10000/13

SP of second article = 1000
Loss = 20%
CP = (SP)x[100/(100-L)] = 5000/4 = 1250

Total SP = 2000

Total CP = 10000/13 + 1250 = 2019.23

CP is more than SP, he makes a loss.

Loss = CP-SP = 2019.23 - 2000 = 19.23
Loss Percent = [(19.23)/(2019.23)]x100 = 0.95 %.

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2 41