An article when sold at a certain price gives a profit of 20%. Find the gain % if it is sold for twice the price.
A)
40%
B)
80%
C)
200%
D)
140%
Correct Option - D
Explanation
SP = 1.2CP
If it is sold for twice the price,
New SP = 2.4CP
Gain = SP-CP = 1.4CP
Gain% = (Gain/CP)*100 = 140%
A shopkeeper sells a bag at a gain of 25%. He offers a discount of 10% on the bag. What is his profit %?
A)
20%
B)
15%
C)
12.5%
D)
10%
Correct Option - C
Explanation
Let the C.P of the bag be Rs.x
S.P = 1.25x
After discount, the selling price is
0.9*1.25x = 1.125x
Gain % = ((1.125x-x)/x)*100 = 12.5%
The SP of an article is twice the CP. The shopkeeper offers a discount of 20% on the product. Find his net gain %.
A)
16%
B)
40%
C)
60%
D)
80%
Correct Option - C
Explanation
Let the CP be Rs.x.
SP=2x
Discount
= 20% of 2x
= 0.4x
Price after discount
= 1.6x
Gain=0.6x
Gain%
= (0.6x/x)*100
= 60%
A man bought a horse and a cart. If he sold the horse at 10% loss and the cart at 20% gain, he would not lose anything; but if he sold the horse at 5% loss and the cart at 5% gain, he would lose Rs.10 in the bargain. The amount paid by him was Rs._____ for the horse and Rs._____ for the cart.
A)
200, 400
B)
250, 450
C)
300, 500
D)
400, 200
Correct Option - D
Explanation
Let the cost of the horse and the cart be Rs.h and Rs.c
0.9h+1.2c=h+c
0.1h=0.2c
h=2c
0.95h+1.05c=h+c-10
0.05h-10=0.05c
0.1c-10=0.05c
0.05c=10
c=200
h=400
Tarun bought 10 toffees for Rs.8 and sold 8 toffees for Rs.10. Find his gain percent.
A)
40%
B)
45%
C)
50%
D)
56.25%
Correct Option - D
Explanation
C.P = 8/10 = Rs.0.8
S.P = 10/8 = Rs.1.25
Gain = 0.45
Gain = (0.45/0.8) * 100 = 56.25%
The price of an item including tax is Rs.2376. The tax levied on it is 8% and the shopkeeper has made a profit of 10%. Find its CP.
A)
Rs.2200
B)
Rs.2160
C)
Rs.1967
D)
Rs.2000
Correct Option - D
Explanation
The price of the item before tax
= 2376*(100/108)
= Rs.2200
Profit = 10%
CP = 2200*(100/110)
= Rs.2000
Ganesh bought a watch for Rs.3200 and sold it at a loss of 15%. At what price did he sell it?
A)
Rs.2720
B)
Rs.3185
C)
Rs.2270
D)
Rs.3080
Correct Option - A
Explanation
SP = 85% of 3200
= 85*32
= 2720