45
Q:

Cost of 3 cricket balls = cost of 2 pairs of leg pads. 

Cost of 3 pairs of leg pads = cost of 2 pairs of gloves.

Cost of 3 pairs of gloves = cost of 2 cricket bats.

If a cricket bat costs Rs 54, what is the cost of a cricket ball. 

A) Rs 12 B) Rs 16
C) Rs 14 D) Rs 18

Answer:   B) Rs 16



Explanation:

3 pairs of gloves = 2 x 54 = 108 ; 1 pairs of gloves = 36
3 pairs of leg pads = 2 x 36 = 1 pairs of leg pads = 24
3 cricket balls = 2 x 24 = 48
cost of 1 cricket ball = 16;

Subject: Profit and Loss
Q:

A milk man has 20 liters of milk. If he mixes 5 liters of water, which is freely available, in 20 liters of pure milk.If the cost of pure milk is Rs.18 per liter,then the profit of the milkman, when he sells all the mixture at cost price is:

A) 20% B) 25%
C) 33.33% D) 18%
 
Answer & Explanation Answer: B) 25%

Explanation:

when the water is freely available and all the water is sold at the price of the milk, then the water gives the profit on the cost of 20 liters of milk.

 Therefore, profit percentage = (5/20) x 100 =25 %       [ Profit %= (Profit/C.P)*100]

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55 19679
Q:

Bhajan Singh purchased 120 reams of paper at Rs 80 per ream. He spent Rs 280 on transportation, paid octroi at the rate of 40 paise per ream and paid Rs 72 to the coolie. If he wants to have a gain of 8 %, what must be the selling price per ream?

A) 90 B) 89
C) 87.48 D) 86
 
Answer & Explanation Answer: A) 90

Explanation:

Total investment = Rs. (120 * 80 + 280 + (40/100) * 120 + 72).
= Rs. (9600 + 280+48 + 72) = Rs, 10000.
Sell price of 120 reams = 108% of Rs. 10000 = Rs. 10800.
Sell Price per ream = Rs. [10800/120] = Rs. 90.

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57 28628
Q:

A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. He sellis the radio for Rs 300. The profit percent of the retailer is

A) 10% B) 50%
C) 25% D) 52%
 
Answer & Explanation Answer: C) 25%

Explanation:

cost price = (225 + 15) = 240 sell price = 300
gain = (60/240)*100 = 25%

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44 16802
Q:

Ajay bought 15 kg of dal at the rate of Rs 14.50 per kg and 10 kg at the rate of Rs 13 per kg. He mixed the two and sold the mixture at the rate of Rs 15 per kg. What was his total gain in this transaction ?

A) Rs 1.10 B) Rs 11
C) Rs 16.50 D) Rs 27.50
 
Answer & Explanation Answer: D) Rs 27.50

Explanation:

Cost price of 25 kg = Rs. (15 x 14.50 + 10 x 13) = Rs. 347.50.
Sell price of 25 kg = Rs. (25 x 15) = Rs. 375.
profit = Rs. (375 — 347.50) = Rs. 27.50.

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45 21203
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 & Explanation 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.

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172 33129
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 & Explanation 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)

 

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22 12091
Q:

If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then find the cost of production of a table if the retail price was Rs 1265

A) Rs. 750 B) Rs. 800
C) Rs. 850 D) Rs. 900
 
Answer & Explanation Answer: B) Rs. 800

Explanation:

Let the cost of Production = Rs. P

Then, as per question,

 

125100×115100×110100×P=1265

 

=> P=800

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71 23819
Q:

A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

A) 18% B) 20%
C) 22% D) 24%
 
Answer & Explanation Answer: B) 20%

Explanation:

Let the cost price = Rs 100
then, Marked price = Rs 135

Required gain = 8%,
So Selling price = Rs 108
Discount = 135 - 108 = 27

Discount% = (27/135)*100 = 20%

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29 14749