7
Q:

Watson bought a book for Rs. 240 and sold to Johny at a profit  of 50%. Johny wants to sell this book to Shekar so that he earns a profit of 25%. But Shekar is adamant at buying this book at a discount of 10%. What marked price should Johny quote to Shekar so as to achieve desired profit ?

A) Rs. 450 B) Rs. 360
C) Rs. 415 D) Rs. 500

Answer:   D) Rs. 500



Explanation:

Watson bought the book for Rs. 240 and sold to Johny at a profit of 50%.

S.P = C.P(1 + P%/100)

=> S.P for Watson = C.P for Johny = 240(1 + 50/100) = 240 x 1.5 = Rs. 360

Let Johny quoted the marked price of the book as Rs. M

We know, SP = M.P(1 - Discount(%)/100)

Here discount = 10% to Shekar,

S.P for Johny = M(1 - 10/100) = 0.9M

But Johny want to earn 25% profit,

=> S.P = C.P(1 + P%/100)

=> 0.9M = 360(1 + 25/100)

=> M = (360x1.25)/0.9

=> M = Rs. 500

Therefore, Johny should quote Rs. 500 as the marked price of the book to get 25% profit and allowing 10% discount to Shekar.

Q:

A manufacturer sells cooking gas stoves to shopkeepers at 10% profit, and in turn they sell the cooking gas stoves to customer to earn 15% profit. If a customer gets a cooking gas stove for ₹7,590, then what is its manufacturing cost?

 

A) ₹ 6,500 B) ₹5,000
C) ₹5,090 D) ₹6,000
 
Answer & Explanation Answer: D) ₹6,000

Explanation:
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0 190
Q:

X sells shoes to Y at a profit of 20% and Y sells same shoes to Z at a profit of 23%. If Z pays Rs 3321 for the shoes, then what was the cost price (in Rs) of shoes for X?

 

A) 1950   B) 2450  
C) 2250   D) 2045
 
Answer & Explanation Answer: C) 2250  

Explanation:
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0 135
Q:

A trader marks his goods at 60% above the cost price and allows a discount of 25%. What is his gain percent?

 

A) 20% B) 25%
C) 30% D) 40%
 
Answer & Explanation Answer: A) 20%

Explanation:
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1 191
Q:

A man sold two gifts at Rs. 30 each. On one gift he gained 18%, and on the other gift he lost 18%. What is his over all gain/loss (in Rs. )?

 

A) Gain of Rs. 1.75   B) Loss of Rs. 2.00  
C) Loss of Rs. 2.50   D) Gain of Rs. 2
 
Answer & Explanation Answer: B) Loss of Rs. 2.00  

Explanation:
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2 204
Q:

Let us say that the price of a pen has increased from Rs. 10 to Rs. 15. What is the ratio of its original price to the new price?

 

A) 3 : 2 B) 2 : 3
C) 5 : 4 D) 4 : 5
 
Answer & Explanation Answer: B) 2 : 3

Explanation:
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3 120
Q:

If the ratio of marked price and selling price is 14 : 11, then what is the discount percentage?

 

A) 42.58   B) 21.42  
C) 36.36   D) 33.33
 
Answer & Explanation Answer: B) 21.42  

Explanation:
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1 632
Q:

Pankaj sells a trouser at a loss of 10%. If he buys it for 20% less price and sells it for Rs. 9 more, then he gains 15%. What is the cost price (in Rs) of the trouser?

 

A) 450   B) 400  
C) 350   D) 440
 
Answer & Explanation Answer: A) 450  

Explanation:
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3 149
Q:

Ram makes a profit of 30%by selling an article. What would be the profit percent if it were calculated on the selling price instead of the cost price? (Correct to one decimal! place)

 

A) 22.4 % B) 23.1 %
C) 20.1 % D) 24.2 %
 
Answer & Explanation Answer: B) 23.1 %

Explanation:
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0 144