12
Q:

In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit

A) 70% B) 80%
C) 90% D) None of above

Answer:   A) 70%



Explanation:

Let C.P.= Rs. 100.
Then, Profit = Rs. 320,
S.P. = Rs. 420.

New C.P. = 125% of Rs. 100 = Rs. 125
New S.P. = Rs. 420.

Profit = Rs. (420 - 125) = Rs. 295

Required percentage = (295/420) * 100
= 70%(approx)

 

Q:

12 days payment to the servant in a cloth showroom in festival season is Rs. 400 plus one shirt. The servant leaves after 9 days and recieves Rs. 280 and a shirt. What is the price of the shirt ? 

A) Rs. 80 B) Rs. 120
C) Rs. 70 D) Rs. 100
 
Answer & Explanation Answer: A) Rs. 80

Explanation:

The servant worked for 9 days instead of 12 days, he should receive 9/12 of his total payment

Let the price of 1 shirt be Rs. S 

i.e., 3/4 (400 + S).

However, the question states that the servant receive Rs. 280 + S where S is the price of the shirt.

By equating the two equations we get 3/4 (400 + S) = 280 + S.

Therefore, Price of the shirt S = Rs. 80.

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8 63
Q:

A man sold two flats for Rs. 4.15 lakhs each. On one he gained 2% and on the other he lost 2%. What percent is the effect of the sale on the whole  ?

A) 0.25 % B) 0.04 %
C) 0.5 % D) 0 %
 
Answer & Explanation Answer: B) 0.04 %

Explanation:

In this type cases we always have loss only.

Loss% =  =  = 1/25 = 0.04 %

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5 159
Q:

The cost price of an article is 54% of the marked price. Calculate the gain percent after allowing a discount of 15%  ?

A) 51.32 % B) 49.23 %
C) 48.4 % D) 46.8 %
 
Answer & Explanation Answer: C) 48.4 %

Explanation:

Let marked price = Rs. 100.
Then, C.P. = RS. 54,
S.P. = Rs. 85
Gain % = 31/64 x 100 = 48.4%.

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4 259
Q:

If a trader sold two cars each at Rs. 404415 and gains 15% on the first and loses 15% on the second, then his profit or loss percent on the whole is ?

A) 1.44 % B) 2.02 %
C) 1.04 % D) 2.25 %
 
Answer & Explanation Answer: D) 2.25 %

Explanation:

SP of each car is Rs. 404415, he gains 15% on first car and losses 15% on second car.

In this case, there will be loss and percentage of loss is given by = [(profit%)(loss%)]/100
= (15)(15)/100 % = 2.25%
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1 147
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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5 338